2.99 See Answer

Question: The Irvin family had retained Jones as

The Irvin family had retained Jones as the family accountant for many years. Under the contractual arrangement, Jones paid all bills, provided bookkeeping services, invested family funds and prepared all tax returns for the family. After the family received notice of a tax lien on their personal residence, investigation revealed that Jones had failed to properly prepare the tax returns and had failed to pay bills as directed. Further discovery showed that Jones also made poor investments that caused the family to lose significant amounts of money. Is the Irvin family likely to succeed in their suit against Jones? In addition to accounting malpractice, are there other common law principles of liability in this case? [Irvin v. Jones, 38 Misc. 3d. 1203 (New York)]
Principle of Law:


See Answer