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1 1 . Leon, a CPA, prepares a financial statement for Pomona Corona Company LLP ( PC ) a client knowing PC will use the

11. Leon, a CPA, prepares a financial statement for Pomona Corona Company LLP (PC) a client knowing PC will use the statement to obtain a loan from Pomona Fifth Federal Bank. Leon makes negligent omissions in the statement that result in a loss to the bank. What law applies?

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