Mark goes to Tony's Lumber Yard to buy some lumber to build a new roof for his cabin. Mark tells Tony, the lumber yard owner, to provide him an exact type of wood that can resist the wood decay caused due to the damp environment around the cabin
Mark buys the lumber after Tony assures him that the wood is exactly what Mark is looking for. But then the dampness affects the wood and it caves in. Which of the following warranties has Tony explicitly breached by not providing Mark the lumber he needed?
A) express warranty
B) statement of opinion
C) implied warranty of fitness for human consumption
D) implied warranty of fitness for a particular purpose
D
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Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000 . They agree to salaries of $12,000 and $18,000 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will Singer's share of the income be if the income for the year is $15,000?
a. $9,000 b. $2,400 c. $1,000 d. $5,600
Attitudes and behaviors are not as persuasive as words
Indicate whether the statement is true or false
One factor that is often underestimated until project personnel actually arrive at a foreign destination is the geography of the country.
Answer the following statement true (T) or false (F)
Porterhouse Company incurs both fixed and variable production costs. Assuming that production is within the relevant range, if volume goes up by 28%, then the total variable costs would ________
A) increase by 28% B) remain the same C) increase by an amount less than 28% D) decrease by 28%