扫码下载APP
及时接收最新考试资讯及
备考信息
为了帮助参加2014年美国cpa考试的学员巩固知识,提高备考效果,正保会计网校特为大家整理了美国cpa考试模拟试题,帮助广大考生一起学习一起进步。
Under the Negotiable Instruments Article of the UCC, which of the endorser's liabilities are disclaimed by a "without recourse" endorsement?
a.Neither contract nor warranty liability.
b.Both contract and warranty liability.
c.Contract liability only.
d.Warranty liability only.
Explanation
Choice "c" is correct. Endorsing a negotiable instrument without recourse negates contract liability but not warranty liability.
Choices "d", "b", and "a" are incorrect. Each of these choices incorrectly addresses warranty and/or contract liability.
Copyright © 2000 - www.chinaacc.com All Rights Reserved. 北京正保会计科技有限公司 版权所有
京B2-20200959 京ICP备20012371号-7 出版物经营许可证 京公网安备 11010802044457号