Author Question: If an accounting firm is sued for negligently preparing a faulty financial report for a company, it ... (Read 114 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
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
Answer to Question 1

e

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

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.

For a complete list of videos, visit our video library