An item must be tangible and it must be movable

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Reference no: EM131780957

1. Professionals are governed by the contracts they enter into with their clients.

True

False

2. Professionals are required to deliver services but the competency of the services is never an issue.

True

False

3. An accountant is not liable for an omission in a registration statement to a purchaser of securities if the omission had no causal connection to the purchaser's loss.

True

False

4. To be characterized as a good, an item must be tangible and it must be movable.

True

False

Reference no: EM131780957

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