Under the Restatement Test,referenced in the Text's Discussion of the Case

question 13

Multiple Choice

Under the Restatement Test,referenced in the text's discussion of the case Bily v.Arthur Young & Co. ,which of the following is true regarding the effort by Bank XYZ to recover against Amina based upon Maggie's default?

• A)The bank will be able to recover because it was in privity with Maggie,and Maggie was in privity with Amina.
• B)The bank will not be able to recover because it cannot establish reliance upon Amina's work.
• C)The bank will be able to recover because it was in privity with Amina.
• D)The bank will be able to recover because Amina was aware that her audit would be used to obtain a loan.
• E)The bank will not be able to recover because Amina and Maggie had specifically agreed that the audit would only be used to obtain a loan from Maggie's uncle.

Assess the implications of various forms of government interventions on the allocation of resources and market outcomes.

Understand the principles and outcomes of different types of reinforcement and punishment in behavior modification.

Explain the process and effects of classical conditioning.

Recognize the stages of Erikson's psychosocial development and their significance.

---

Definitions:

Accumulated Depreciation

Accumulated Depreciation is the total amount of depreciation expense that has been allocated to a tangible asset since it was put into use, reducing its book value.

Carrying Amount

The net amount at which an asset or liability is recognized in the balance sheet, after deducting any accumulated depreciation, amortization, or impairment.

Cost

The amount of money or resources expended to acquire an asset, produce goods, or offer a service.

Intangible Asset

This is an asset that lacks physical substance, such as patents, trademarks, and goodwill, yet offers economic value to its owner.