The wars of King Williams and Queen Anne both resulted in negotiated peace treaties and had minimal impact on the colonies, they also fought concurrent conflicts in Europe. The Wars of the Spanish Succession and the League of Augsburg were fought in Europe under the reigns of King William and Queen Anne, respectively.
The failure to abide by the treaties and accords established at the end of King Philip's War was a major contributing factor to the outbreak of the King William's War. The fact that the Indians were receiving assistance from the French or maybe the Dutch further disturbed the English.
The War of the Spanish Succession, a greater conflict taking place in Europe, was only being waged in the New World as Queen Anne's War's theatre. The conflict started in November 1702 when Castillo de San Marcos, a Spanish colonial bastion in St. Augustine, Florida, came under siege from English provincial soldiers and their local allies, led by Governor James Moore of Carolina.
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Answer: 1. General Agreement on Tariffs and Trade: South Africa raised its tariffs on goods imported from India.; 2. North American Free Trade Agreement: Canada wants to begin selling animal pelts in Mexico.; 3. China discovered that Japan had sold diseased meats in the country.
Explanation: I had this question on an assignment and got them correct
Answer: Ultramares corporation v. Touche established Ultramares doctrine. Hochfelder v. Ernst & Ernst ruled that scienter is required before CPAs can be held liable.
Explanation:
All the options except the above are true. Ultramares corporation v. Touche did establish the Ultramares doctrine.
United States v. Natelli sentenced two CPAs to prison for a year, in addition to fines, for violating the Securities Exchange Act of 1934.
Bily v. Arthur Young did not uphold the restatement doctrine. The restatement doctrine restatement doctrine makes an auditor liable to people who rely on the quality of his work be they his clients or third parties. Two high courts ruled that auditors are not liable to third parties who use their work but only to the party that contracted their work.
However, Hochfelder v. Ernst & Ernst ruled that an allegation of scienter (an intention to deceive) is not required before CPAs can be held liable as long as the actions constitute actual deception.
While rule 10b-5 of the Exchange Act states the presence of scienter as a requirement to commit an offense, the court ruled against the statute by eliminating the Scienter clause from criminal statute and ruled against Ernst & Ernst.
