Asked by Sabella Johnson on Jun 04, 2024

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Verified

If a client establishes fraud against a professional,he/she is more likely to receive:

A) compensatory and consequential damages.
B) punitive and consequential damages.
C) compensatory and punitive damages.
D) only consequential damages.

Compensatory Damages

Financial compensation awarded to a plaintiff to reimburse for loss, injury, or harm suffered as a direct result of another's breach of duty or negligence.

Punitive Damages

Financial compensation awarded to an aggrieved party that goes beyond what is necessary to compensate for losses and is intended to punish the wrongdoer.

Fraud

A deliberate deception practiced to secure unfair or unlawful gain, or to deprive a victim of a legal right.

  • Differentiate between compensatory, punitive, and consequential damages in lawsuits against professionals.
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Verified Answer

NO
Nakeisha oltonJun 08, 2024
Final Answer :
C
Explanation :
The chief advantage of establishing fraud is that the client may get a higher damage award than when the accountant is merely negligent.Usually,a client may receive only compensatory damages for a breach of contract or negligence.By proving fraud,a client may be awarded punitive damages as well.