Section 14 Breach of Contract
| Library | Prof Liability 2005 |
To bring an action for breach of contract, the plaintiff must establish privity with the accountant. Clearly, the parties entering the contract are in direct privity with the accountant. In addition, intended third-party beneficiaries, such as significant vendors and lenders, are likely to meet this standard. For plaintiffs to successfully prosecute their actions, they must prove:
- privity with the accountant
- breach of a specific term of the contract by the accountant
- a causal relationship between the...
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