An Exculpatory Clause Most Likely Would Be Held to Limit

question 47

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.

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Definitions:

Ribbon Commands

UI elements in software, particularly Microsoft applications, that group commands and features under tabs on the ribbon toolbar.

Toggles

Buttons or switches that can be clicked or pressed to alternate between two or more states or modes.

Sparkline Charts

Compact, inline charts embedded in a spreadsheet cell or text to provide a visual snapshot of data or trends.

Win/Loss

A metric or record used to track outcomes of competitive events, often seen in sales, sports, and gaming.