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Unformatted text preview: against Doe, on the count that Doe was negligent. B. Will Peters prevail on his state common law claims? Just as in the other case, Peters will not prevail based upon his state common law action as well. It shows that Doe was not in privity of contract with Peters; also it does not indicate that Doe was even aware that Peters would rely on their financial statements. It states that privity is required before an accountant can be held liable to users of the financial statement under common law or tort law....
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- Spring '12