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After reading an audit for a Vega Video Production, which was prepared by Alan, Mary decides to invest in the stock of the company. She
After reading an audit for a Vega Video Production, which was prepared by Alan, Mary decides to invest in the stock of the company. She later discovers that the audit included a known false statement as to the value of numerous worthless securities held as corporate assets. If Mary sues Alan, what damages would she be entitled to in the majority of states? a. Mary would be entitled to compensatory damages if she is considered an unknown user of the audit. b. Mary would receive nothing because the class of foreseen users of the audit contract does not include potential investors and the general public. c. Mary would receive nominal damages only. d. Mary would receive rescission of purchase contract
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