Answer the following: a. Under the Code, what constitutes an "express" warranty? Does an express warranty have to arise through words? b. Which of the following would be an express warranty? Explain. 1. This is the best computer available in town. 2
This car has new brakes. 3. This sample is just like the one in the box. 4. In my opinion, this is a better video recorder than the one made by this competitor. 5. As a mechanic, I think this car is in good running order and should give you no problems for at least three months.
a. An express warranty is an explicit undertaking by the seller with respect to the quality, description, condition, or performability of the goods. An express warranty need not arise through words. It can also arise through the showing of a sample or model.
b. 1. This is not a warranty. It is mere puffing. 2. This is a warranty that the car does in fact have new brakes. 3. The showing of a sample is an express warranty that the contents of the box conform to the sample. 4. This is not a warranty. It is a mere statement of opinion and/or puffing. 5. This is a warranty, because it is the statement of opinion of an expert, which is treated the same as a statement of fact, because an expert gives it.
You might also like to view...
Identify the correct statement about marketing management
A) It is primarily concerned with the systematic gathering, recording, and analysis of data about issues related to marketing products and services. B) It focuses mostly on monitoring the profitability of a company's products and services. C) It focuses solely on attaining an organization's sales goals in an efficient manner. D) It is defined as the field that deals with planning and managing a business at the highest level of corporate hierarchy. E) It occurs when at least one party to a potential exchange thinks about the means of achieving desired responses from other parties.
Job order costing would be appropriate for companies that produce custom homes and specialized equipment.
Answer the following statement true (T) or false (F)
Which of the following statements is true of the False Claims Act?
A) Private citizens may sue employers on behalf of the government for fraud against the government. B) Private citizens may sue employers on behalf of the government for misrepresentation of a government employee. C) The government may sue employers for fraud against a private citizen. D) The government may sue employers for fraud against a government official.
"Investment grade" refers to the top-ten bond ratings and is a term meant to help potential investors judge the probability that the bond issuer will repay the principal at maturity and make scheduled interest payments
a. True b. False Indicate whether the statement is true or false