Third-party plaintiffs bringing action under common law need not prove
A) they were damaged or suffered an economic loss.
B) reliance on the financial statements.
C) the financial statements were direct cause of loss.
D) breach of contract.

Question

Quizplus · Accepted Answer

Third-party plaintiffs bringing action under common law do not need to prove a breach of contract, as they are not parties to the contract. They typically need to prove elements like damages, reliance, and causation.

Third-Party Plaintiffs Bringing Action Under Common Law Need Not Prove