Asked by
Bryanna Shumate
on Nov 21, 2024
Verified
Norman wants to sue his accountant for fraud, but his accountant was only grossly negligent. What type of fraud could Norman sue for since there was no fraudulent intent?
A) Comparative fraud
B) Actual fraud
C) Gross negligent fraud
D) Deceived fraud
E) Constructive fraud
Gross Negligent Fraud
Extreme carelessness or reckless disregard for the truth or for the rights of others, often involving fraudulent intentions or outcomes.
Fraudulent Intent
The deliberate intention to deceive or cheat, often for personal gain or to cause loss to another.
- Familiarize oneself with the influence and consequences of negligence, fraud, and constructive fraud within the framework of accountant liability.
Verified Answer
RS
Learning Objectives
- Familiarize oneself with the influence and consequences of negligence, fraud, and constructive fraud within the framework of accountant liability.
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