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Question
Identify the true statement concerning communications between clients and accountants.
A. In most states, communications between clients and accountants are treated the same way communications between clients and attorneys are treated.
B. Communications between clients and accountants are treated by courts as privileged in the vast majority of states.
C. Even if a state has a statute creating an accountant-client privilege, federal courts are inclined not to give such statutes any effect in cases involving federal taxes.
D. The accountant may not be forced to testify about the client's records and about conversations that the accountant had with the client.
Answer
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Related questions
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B. allows only the U.S. attorney general to sue for injunctive relief or the seizure of products to enforce various provisions of the act.
C. permits any private party to sue for an injunction to enforce any CPSC rule or order, if, at the time of the suit, the commission or the attorney general has begun an action based on the alleged violation.
D. allows those injured because of a knowing and willful violation of a CPSC rule or order to sue for damages if the amount in controversy exceeds $100,000.
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A. firearms
B. drugs
C. cosmetics
D. lawn mowers
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The Holder in Due Course rule:
A. alters statutes of limitations or other state-created limitations on the consumer's enforcement of claims and defenses.
B. states that all defenses available to the purchaser against the seller can also be available against the holder in due course.
C. eliminates rights that the consumer may have as a matter of federal, state, or local law.
D. creates a warranty claim or defense where the product is sold "as is."
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The Equal Credit Opportunity Act:
A. is designed to protect consumers from unfair or inaccurate credit reporting.
B. requires online ads for free credit reports to disclose whether the consumer must buy credit monitoring or other products or services to get the report.
C. prohibits discrimination in credit transactions on grounds of sex, marital status, race, color, religion, national origin, and age.
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A. coinsurance clause
B. pro rata clause
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B. $9,000
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A. the trust will automatically fail.
B. the court will direct the application of the property to some charitable purpose that falls within the settlor's general charitable intention.
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A. can enter the leased property during the term of the lease.
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C. can enter the leased property anytime as long as he/she does so quietly.
D. may not interfere with any matter concerning the property.
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A. tenancy at will
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Where damage to leased property arises through no fault of the tenant, that tenant still has a duty to take interim steps in order to prevent further damage from the elements.
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Landlords attempt to limit their liability through exculpatory clauses.
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A tenant who remains in possession of the property after the expiration of a lease cannot be made part of a new tenancy.
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A. is a draft drawn by a bank on any other financial institutions other than a bank.
B. is a check drawn by a bank on an individual's funds.
C. is a draft on which the drawer or drawee are the same bank.
D. is a draft drawn by a bank on another bank or payable at or through a bank.