Description of this paper

An advisor is not liable to someone to whom there is no duty

Description

solution


Question

An advisor is not liable to someone to whom there is no duty, also known as privity. Which of the following tests are used to ascertain whether the advisor has a duty to a third party?;I. The extent to which the transaction was intended to benefit the third party.;II. The extent to which harm to the third party could be foreseen.;III. The likelihood that the third party will suffer real harm.;A. I, II and III;B. I only;C. II only;D. III only;Practical ethics in estate planning are designed to ensure that the estate planner is honest. Which of the following questions can assist a client in ensuring that the planner is honest?;I. Has the planner held himself out as having more professional capabilities than he actually possesses?;II. Does the planner have a reputation for appropriately establishing the boundaries of the relationship with the client?;III. Does the planner promptly return phone calls and respond to client inquiries?;A. I;B. II;C. I and II;D. III;Practical ethics in estate planning are designed to ensure that the estate planner is held in high public regard. Which of the following questions can assist a client in ensuring that the planner is held in such regard?;I. Has the planner only associated with those professionals who are viewed as ethical?;II. Does the planner have a reputation for competing fairly?;III. Does the planner have a reputation for breaching client sensitivities by being abrasive?;A. I;B. II;C. I and II;D. III

 

Paper#33189 | Written in 18-Jul-2015

Price : $27
SiteLock