42.9 Critical Legal Thinking. In cases involving third parties who have suffered losses in reliance on negligent misrepresentation in accountants’ financial reports, the courts apply different standards to assess liability. Some courts impose liability only when there is privity between the accountant and the party who seeks recovery. Other courts impose liability under a foreseeability rule. What do you see as the implications of imposing liability on accountants for losses suffered by third parties on the basis of foreseeability rather than privity?