Privity - PowerPoint PPT Presentation

Real Covenants

Real Covenants. Definition. Promise which is enforceable not only between the original parties, but also between successors of either party because they are now the new owners of the land . The future owners are bound even though they did not agree. Distinguish from:.

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Legal Liability

Legal Liability. Civil Liability. Need to prove: Liability? (auditor at fault) Causation? (failure of audit caused damage) Damages? (amount of loss) Another issue: Privity Have the right to sue? Another issue: Burden of Proof Plaintiff or Defendant?.

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420 views • 12 slides

Chapter 48 Accountants’ Liability and Malpractice

Chapter 48 Accountants’ Liability and Malpractice. Twomey, Business Law and the Regulatory Environment (14th Ed.). Extent of Accountants’ Malpractice Liability [48-1]. Malpractice (Tort). Statutory Violations. Liability for. Breach of Contract. Anyone in Privity of Contract. Client.

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330 views • 7 slides

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