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Forensic Accounting

Category - Fundamental Forensic Knowledge

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What is reliance in terms of breach of contract?

To rely on court proceedings
To compensate the plaintiff for losses incurred due to breach of a contract.
To rely on client’s directions
To consider the practitioner’s knowledge of the subject matter

Explanation

Answer: B - Reliance is one of the concepts in terms of causation elements that is referred to often. Reliance refers to the compensation awarded to the plaintiff for the losses incurred because of a breach of contract.

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