Problem

Which of the following statements concerning the Ultramares Corp. v. Touche case is not tr...

Which of the following statements concerning the Ultramares Corp. v. Touche case is not true?

A. This case was brought under common law liability.

B. This case provided a test to determine whether a third party qualified as a primary beneficiary and could bring suit for ordinary negligence.

C. This case established the rights of third parties to bring suits against auditors under common law liability.

D. This case concluded that auditors’ liability to third parties would be generally limited to gross negligence or fraud.

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search