Which of the Following Is True of an "As Is

question 69

Multiple Choice

Which of the following is true of an "as is" disclaimer?

• A)It disclaims all implied warranties.
• B)It disclaims all express warranties.
• C)It is a type of implied warranty.
• D)It cannot be replaced by another warranty.

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Definitions:

Professional-Client Privilege

A legal privilege that protects confidential communication between professionals, such as lawyers or doctors, and their clients from being disclosed without consent.

Working Papers

Documents prepared by accountants or auditors as part of an audit or financial analysis, detailing the procedures used during the audit process and the results.

Auditor

A professional who examines and evaluates the financial records of an entity to ensure accuracy and compliance with accounting standards.

Client

An individual or entity that engages the professional services or advice of another, often within contexts like law, consulting, or finance.