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Three approaches to the application of the foreseen users'concept are (1) the Credit Alliance...

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Accounting

Three approaches to the application of the foreseen users'concept are (1) the Credit Alliance approach, (2) therestatement of torts approach, and (3) the foreseeable userapproach. Summarize each of these three approaches.

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Ans Three approaches to the application of the foreseen users concept are as follows 1 Under the Credit Alliance approach upholds the concept of privity of contract established by Ultramares    See Answer
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In: AccountingThree approaches to the application of the foreseen users'concept are (1) the Credit Alliance approach,...Three approaches to the application of the foreseen users'concept are (1) the Credit Alliance approach, (2) therestatement of torts approach, and (3) the foreseeable userapproach. Summarize each of these three approaches.

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