Outline the nature of the relationship between a Promoter and the company using law cases to qualify your answer.
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Outline the nature of the relationship between a Promoter and the company using law cases to qualify your answer.
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- Q1. To prevail in an action brought under common law, the plaintiff must show all of the following except: (in your response, explain the burdens of proof for a third-party plaintiff under common law). Q2. Kerry CPA is the auditor for Sammy Corp. During the audit, Kerry discovers a material misstatement in Sammy's financial statements. Sammy's management tells Kerry that if the misstatement is corrected or if Kerry issues an opinion that indicates there is a material misstatement, Sammy Corp. will likely have to declare bankruptcy and thousands of employees will lose their jobs. Which of the following statements is true if the misstatement is not corrected and Kerry issues an unqualified opinion on Sammy's financial statements? (in your response, identify the court case that makes Kerry liable to any person who suffered a loss as a result of the fraud).When should you use a secondary source for legal research?In the sale of goods governed by UCC, are merchants held to a higher standard than common/lay persons? Why or why not?
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