This class was created by Brainscape user BJ Waguespack. Visit their profile to learn more about the creator.

Decks in this class (25)

Circular 230
List the components of the irs be...,
List the general requirements dut...,
Identify the elements of an imper...
9  cards
Privileged Communications
Accountant client testimonial pri...,
What is work product privilege,
What is section 6713
5  cards
Formation- Offer And Acceptance
What are the requirements for the...,
What is present intent,
What are the requirements of a va...
25  cards
Contracts
What are the 2 sources of contrac...
1  cards
Defenses To Formation
What is the effect of an illegal ...,
When can a covenant not to compet...,
Describe the differences between ...
15  cards
Statements on Standards
When are use of estimates permitt...,
In what situation are inquiries b...,
In what situations is it impracti...
17  cards
Internal Revenue Code of 1986
List unreasonable positions,
Define tax return preparer trp,
What are the disclosure provision...
3  cards
Licensing and Disciplinary
What are the requirements for obt...,
Items that can cause an automatic...,
Activities for which a cpa licens...
5  cards
Malpractice Liability
Describe the restatement limited ...,
Define negligence,
Define breach of contract
16  cards
Consideration
What are the elements of a consid...,
List the types of contracts with ...,
Explain the difference between a ...
12  cards
Statute of Frauds
What is required under the ucc fo...,
Describe a situation in which the...,
Describe the statute of frauds
18  cards
Performance and Remedies
Define quasi contract recovery,
Other than damages what are the r...,
Define waiver
17  cards
Third Party Rights
List the various types of third p...,
List contractual delegation excep...,
List the various types of third p...
15  cards
UCC Article 2 - Application and Formation
What is the ucc assumed term if a...,
Is consideration required for the...,
List the 3 methods by which a sel...
17  cards
Introduction and Classification
Define implied in fact contract,
Define contract,
Define express contract
14  cards
Title and Risk of Loss
Define tender,
When does the risk of loss pass i...,
Describe the free on board place ...
32  cards
Warranties and Product Liability
Explain when the implied warranty...,
Give examples of language that ef...,
List the requirements for establi...
18  cards
Performance
Describe the general rules of per...,
Define anticipatory breach,
What actions should occur to ensu...
15  cards
Introduction to Negotiable Instruments
Define bearer paper,
Define order payer,
List the parties who create negot...
18  cards
Transfer of Instruments
List the three kinds of restricti...,
Define value,
Define holder in due course
19  cards
Presentment, payment of negotiable instruments
Define presentment warranty,
Define dishonor,
When must a notice of dishonor be...
5  cards
Liabilities and discharge of negotiable instruments
Define the material alteration of...,
List the real or universal defens...,
Who is liable for a fictitious pa...
13  cards
Purpose, requirement and payment - article 5
Describe the process of letters o...,
What are the requirements for tra...,
What purpose do letters of credit...
5  cards
UCC - Article 7
What are the effects of forgery o...,
Define warehouse receipt,
Describe the concept of duty of c...
13  cards
UCC Article 9 - Introduction and creation of security interests
Define collateral,
Define intangibles,
Describe what happens to a securi...
12  cards

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CPA Test - Reg

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