Which of the following statements is false?
A)
An express warranty may not limit the benefits of an implied warranty.
B)
All products carry an implied warranty, unless they are sold "as is."
C)
Puffery is illegal.
D)
A full warranty provides lemon protection.
C
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All of the following statements are true regarding ratios and forecasts except:
a. Ratios cannot confirm whether forecast assumptions will turn out to be correct. b. Ratios can tell whether future sales growth was accurately captured. c. Ratios cannot tell whether assumptions about future cash flows are realistic. d. Ratios can tell whether growth rates for sales are consistent with past sales growth performance.
A firm is trying to determine if it should launch a product. The product has an expected life of three years. It will bring in cash flows of $10,000 in the first year, $11,000 in the second year, and $8,000 in the third year. The company estimates that it will invest $20,000 in product research and development costs. What is the estimated IRR for this product? Choose the IRR value that is closest to the amount invested.
a. 12% b. 22% c. 32% d. 42%
In bringing an action for negligence in design, a plaintiff may prove all but which of the following?
A) The product design is inherently dangerous. B) The product design contains insufficient safety designs. C) The product design does not contain the most recent consumer preferences. D) The product design consists of materials that do not satisfy standards acceptable in the trade.
In the context of the core values identified by the Character Counts organization, being honest, not deceiving, cheating, or stealing, and doing what you say you'll do represent the universal ethical standard of _____.
A. trustworthiness B. responsibility C. citizenship D. fairness