1.A n express warranty arises when a seller or lessor indicates that the goods are the best od the kind of goods sold.

True or False

2.Reed prepares feral corporate income tax returns for shopping Mall INC. and other firms under the internal revenue code, with respect to an understatement of a client's tax liability. reed may be liable?

negligent

no misconduct

only negligent misconduct

only willful misconduct

3. Ty is an accountant whose clients in include United Corporation. Working papers that Ty develops when preparing financial reports for United are owned by?

Ty

United.

the securities and Exchange Commission

no one - the papers should be destroyed immediately after use

4. A trade acceptance is created when, as part of a deal to buy wheat from Moyo, Naruta sign a draft ordering the buyer to pay for the wheat within ninety days.

True or false