Which of the following is true of a warranty of merchantability?
A) It imposes the duty to employ a particular design, on the merchant, for safety reasons.
B) Warranty of merchantability exists even after the risk of loss has passed to the buyer.
C) Warranty of merchantability relates only to the fitness of the product made or sold.
D)Unless excluded or modified, merchants do not make an implied warranty of merchantability.
C
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Accounting standards in the U.S. are allocated by Congress as the responsibility of
A. the Secretary of the Treasury. B. a committee of accounting scholars. C. a committee of CFOs. D. the Security and Exchange Commission (SEC).
When a contract's writing is not clear, a court will enforce it according to its obvious terms
Indicate whether the statement is true or false
Herbert has opened a retirement fund account which pays 7 percent interest and requires $5,000 annual deposits. Herbert will retire in 15 years and expects 10 years of retirement life
What is the maximum annual retirement benefit Herbert can get during his retirement years?
In the field of finance, the market where initial public offerings are made is known as the ________ market
A) primary B) secondary C) money market D) derivative