Business Law & Ethics Word Search
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Terms in this set
- Statute of Limitations The time limit within which the IRS may assess additional tax or a taxpayer may claim a refund.
- Circular 230 Treasury rules governing the ethical conduct of practitioners who represent taxpayers before the IRS.
- Professional Responsibilities The ethical and legal duties of CPAs and tax preparers, including due diligence and confidentiality.
- Contracts Legally enforceable agreements formed by offer, acceptance, and consideration.
- UCC Sales Article 2 of the Uniform Commercial Code, which governs contracts for the sale of goods.
- Agency A relationship in which an agent acts on behalf of a principal and can bind the principal to third parties.
- Negotiable Instruments Written promises or orders to pay, such as notes and drafts, governed by UCC Article 3.