M 231 Test 1

subject Type Homework Help
subject Pages 2
subject Words 173
subject Authors David P. Twomey, Marianne M. Jennings

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page-pf1
Thomas, the holder of a check, presents it to the drawee bank for payment. If Thomas
indorses the check, Thomas warrants that the account of the drawer in the drawee bank
contains funds sufficient to cover the check.
The contributory negligence of the client does not reduce the liability of an accountant
who is liable for malpractice.
Proof of substantial impairment of the value of a contract to the buyer is required to
justify revocation of acceptance.
Provisions in contracts may actually prevent future lawsuits from occurring.
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Title VII does not protect members of all nationalities from employment discrimination.
The federal Consumer Credit Protection Act gives the debtor the right to rescind a
credit transaction within three (3) business days when the transaction would impose a
lien on the debtor€s home.

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