Quake is an expert in twentieth-century art. Rachel visits Quade's gallery, seeking to buy artwork as an investment. Quake shows her a painting that in his opinion is by Picasso. Quade's statement is:
A) an express warranty
B) an implied warranty
C) an opinion
D) puffery
A) an express warranty
You might also like to view...
The office employees are paid weekly, earn a total of $500 each day, and work a 5-day week which ends on Friday. If the accounting period ends on Thursday, the adjusting entry for unpaid wages will require a:
a. debit to Wages Expense for $500. b. debit to Wages Payable for $2,000. c. debit to Wages Expense for $1,000. d. credit to Wages Expense for $2,000. e. none of the above.
Employees will be able to obtain a proportionately high level of profits they generate (relative to the firm) if
A. suppliers are loyal to the firm. B. the firm's resources are path dependent. C. their expertise is firm-specific. D. the cost to the firm of replacing them is high.
In a cycle counting system:
A) counts are done at the end of the business year. B) all items are counted each month. C) item counts are determined by their ABC classification. D) the purpose is to correct inventory imbalances. E) count the A items first, then B's then C's.
Maya wishes to appeal a decision from a federal bankruptcy court. Maya may appeal to A) no court-there is no appeal from a bankruptcy court decision
B) afederal district court. C) the U.S. Supreme Court. D) a state intermediate appellate court.