LWB 505 Quiz 3

subject Type Homework Help
subject Pages 2
subject Words 164
subject Authors David P. Twomey, Marianne M. Jennings

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If a debtor with multiple debts specifies the debt to which a payment is to be applied
and the creditor accepts the money, the creditor is bound to apply the money as
specified.
A contract of insurance ordinarily is stated in a writing called a policy.
A disclaimer based on lack of knowledge will always protect an accountant from
liability.
If any uncertainty exists in the interpretation of a restrictive covenant, the covenant will
be construed strictly in favor of the free use of the land.
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An accountant may be liable for malpractice if the accountant fails to detect signs that
an employee of the client is embezzling.
Forgery includes signing another person's name to a check with the intent to defraud.

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