Multiple Choice
An exculpatory clause most likely would be held to limit or disclaim liability for malpractice: ______.
A) in an action based on fraud.
B) in a suit brought by a third person.
C) when the accountant can reasonably be expected to stand behind the information in question.
D) when the clause is conspicuous, unambiguous, and clear.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: Professionals who fail to exercise normal care
Q43: For accountants, fraudulent malpractice always involves upgrading
Q44: In an action for breach of contract,
Q45: Third persons are prohibited from recovering from
Q46: Courts generally impose liability on the accountant
Q48: An accountant cannot be held liable for
Q49: A disclaimer that protects an accountant from
Q50: A disclaimer based on lack of knowledge
Q51: The known user rule imposes liability on
Q52: An accountant who fails to render services