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.

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Definitions:

Precordial Electrode

Electrodes placed on the chest during an electrocardiogram (ECG) to record electrical activity of the heart.

Intercostal Space

The anatomical area between two ribs, which contains muscles, nerves, and blood vessels.

Sternum

A bone that forms the front and middle portion of the rib cage; also called the breastbone or breast plate.

AV Node

The atrioventricular node, a part of the heart's electrical system that acts as a gatekeeper, slowing the electrical current before it passes from the atria to the ventricles.