« previous next »

Author Question: If an accounting firm is sued for negligently preparing a faulty financial report for a company, it ... (Read 129 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Jun 24, 2018
If an accounting firm is sued for negligently preparing a faulty financial report for a company, it is likely that the accounting firm is:
 a. not liable; a reasonable number of mistakes are expected to occur
  b. liable if the mistake is one that an ordinary person (any person off the street) would have not made c. held subject to a special statutory standard of care
  d. held to have violated the principles of strict liability e. none of the other choices

Question 2

In Neilsen v. Gold's Gym, where Gold's leased space for a new gym, but got into a dispute with the landlord of a the commercial space before it even moved in, the unclear terms of the lease led to the courts:
 a. holding the lease to be unenforceable
  b. holding the lease to be legal and binding
  c. requiring Neilson to pay damages for breach of contract
  d. requiring Gold's Gym to pay damages for breach of contract e. none of the other choices are correct


brbarasa

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jun 24, 2018
Answer to Question 1

e

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Faulty outlooping produces lambda phage containing bacterial DNA Faulty outlooping produces lambda phage containing bacterial DNA
Morris and Company, Sussex Rush-Seated Chairs. Morris and Company, Sussex Rush-Seated Chairs.
Preparing Slides Preparing Slides
Accounting (Making Entries) Accounting (Making Entries)
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library