Negligent misrepresentation · Next Generation Bar Exam · Flashcards

QUESTION

At a party, a stranger casually tells a guest that a stock is a sure thing. The guest invests and loses money. What is the stranger's liability for negligent misrepresentation?

QUESTION

An accountant negligently audits a company, and an unknown investor reads the report years later and invests. Under the majority approach, what is the accountant's liability to the investor?

QUESTION

Under Ultramares v. Touche, to whom is an accountant liable for negligence in preparing financial statements?

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