Please advise if the answers are correct

1. Professionals are required to deliver services but the competency of the services is never an issue.

True

False

F

B2. Negligence cases against professionals usually focus on the element of causation.

True

False

T

1. Professionals are governed by the contracts they enter into with their clients.

True

False

T

1. Attorneys are required to find relevant law that is applicable to a case and can be discovered through a reasonable amount of research.

True

False

T

1. Malpracticeis professional negligence.

True

False

T

1. An accountant's liability under the Securities Act of 1933 requires the privity of contract with the purchaser of a security.

True

False

F

1. For a plaintiff to recover damages under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, proof of intent is necessary.

True

False

T

1. A failure to follow generally accepted accounting principles and generally accepted auditing standards is proof of a lack of due diligence.

True

False

T