Asked by Rodina M. Richard on Apr 30, 2024
Verified
An accountant who fails to perform for a client as agreed has breached their contract, and the client has the right to pursue a claim for damages.
Breached Contract
Breaking any of the terms and conditions that were mutually agreed upon in a legally binding agreement.
Claim for Damages
A formal request for monetary compensation due to loss or injury claimed to have been caused by another party.
- Develop an understanding of the liability concept in professional services and determine the circumstances under which a professional is considered liable for negligence or misconduct.
- Outline the key factors required to establish professional negligence, covering the duty of care, infringement of this duty, and the necessity to prove injury.
Verified Answer
SP
Surabhi PatelMay 02, 2024
Final Answer :
True
Explanation :
When an accountant fails to perform as agreed in the contract with a client, this constitutes a breach of contract, giving the client the right to pursue a claim for damages resulting from the breach.
Learning Objectives
- Develop an understanding of the liability concept in professional services and determine the circumstances under which a professional is considered liable for negligence or misconduct.
- Outline the key factors required to establish professional negligence, covering the duty of care, infringement of this duty, and the necessity to prove injury.
Related questions
Under Rules of Professional Conduct That Proscribe Fraud, State Authorities ...
Because of the Potential for Significant Losses to Sellers and ...
To Hold a Professional Liable for Negligence, a Plaintiff Must ...
Despite a Professional's Breach of Contract, the Non-Breaching Client Cannot ...
Negligence Cases Against Professionals Often Focus on the Standard of ...