Everett is an accountant whose clients include Finance & Capital, Inc Under the Ultramares rule, if Everett is negligent in his work for Finance & Capital, he could be liable to Finance & Capital and
a. any third party.
b. no third party.
c. third parties who are foreseen users of the work.
d. third parties who are reasonably foresee¬able users of the work.
B
Business
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Indicate whether the statement is true or false a. True b. False
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Ken is a producer who has obtained Consumer Information Reports under false pretenses. Under the Fair Credit Reporting Act, what is the maximum penalty that may be imposed on Ken?
A) $1,000 B) $3,000 C) $5,000 D) $7,000
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