Tu-thumbs buys a used paint sprayer from the local paint store. The sprayer had a large sign on it which said "AS IS." The dealer made no promises or statements concerning the performance of the paint sprayer. When Tu-thumbs attempts to spray paint his house, the trigger on the sprayer sticks in the "on" position and before Tu-thumbs can pull the electrical cord to cut the power, paint is sprayed
all over his prize Borzoi dog that is scheduled to be shown in a dog show the next day. Tu-thumbs sues the dealership. Who wins?
a. Dealer wins; there were no express warranties and all implied warranties have been successfully disclaimed.
b. Tu-thumbs wins; he can recover on the basis of express warranties.
c. Tu-thumbs wins; he can recover on the basis of the implied warranty of merchantability because the word "merchantability" was not used in the disclaimer.
d. Dealer wins; even though there were implied warranties, the damage to the dog could not have been foreseen.
a
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Normal expenditures for repairs and maintenance to plant and equipment are accounted for by
a. debiting Equipment and crediting Cash and Supplies Inventory. b. debiting Repairs Expense and crediting Cash and Supplies Inventory. c. debiting Cash and Supplies Inventory and crediting Repairs Expense. d. debiting Cash and Supplies Inventory and crediting Equipment.
One type of trust is ________-based trust, concerned with assuring consistent behavior, holds that individuals will do what they say because they are rewarded, or they fear the consequences.
Fill in the blank(s) with the appropriate word(s).
A report preface—
a. looks and readslike an executive summary. b. is omitted from an unsolicited report. c. mayindicate what prompted the study. d. is standard to a formal businessreport.
Steven managed an auto parts store in the 1990s. How long would it have taken Steven to fulfill an order from the warehouse to his customer?
A. 6 weeks. B. 15 to 30 days C. One week D. 3 to 4 days E. 7 to 10 days