Priety, a manufacturer of chairs, sold 150 chairs to Shilpa, the owner of a furniture shop. This sale was made after both the parties entered into a contract. The term of the contract read, "Seller hereby disclaims all implied warranties." Unlike the rest of the contract, this term was written in all capital letters and placed prominently in the document. In this scenario, Priety has effectively made a disclaimer of:
A. the implied warranty of merchantability and the implied warranty of fitness for a particular purpose.
B. neither the implied warranty of merchantability nor the implied warranty of fitness for a particular purpose.
C. the implied warranty of merchantability, but not the implied warranty of fitness for a particular purpose.
D. the implied warranty of fitness for a particular purpose, but not the implied warranty of merchantability.
Answer: D
You might also like to view...
The Americans with Disabilities Act defines disability to include a physical or mental impairment that causes “undue hardship.”
Answer the following statement true (T) or false (F)
Why is the quick ratio probably better than the current ratio as a measure of short-term liquidity?
Assume that Trader Pete's, an organic food retailer in the United States, recently purchased a new refrigeration system for its Washington, DC, store. Trader Pete's paid $1.3 million for the refrigeration unit and paid an additional $120,000 to modify the unit to meet its specific needs. Trader Pete's paid $55,000 for the transportation and installation of the unit, plus $48,000 for an annual
insurance premium for the first year, which begins next month. Finally, assume that Trader Pete's hired a refrigeration technician, who is charged with the maintenance of the unit; that technician's annual salary is $80,000 . How much should Trader Pete's record as the acquisition cost of the refrigeration unit? a. $1,300,000 b. $1,420,000 c. $1,475,000 d. $1,523,000 e. $1,603,000
______ is a strategy for creating a persuasive appeal by providing overwhelming substantiation that any reasonable person would have to accept.
a. Sufficiency of evidence b. Sufficiency of judgment c. Sufficiency of persuasion d. Sufficiency of information