What does it mean when a care is sold "as-is?"

What will be an ideal response?


A car sold "as-is" means the car comes with no express or implied warranty. You buy the car exactly as it sits on the car lot or the seller's driveway. You inherit any major defects, flaws, or problems when you buy the car. Given the large number of cars for sale, do not buy a car "as is" from a dealer. If the dealer, an expert in cars, won't give any kind of warranty, what does the dealer know about the car that they is not telling you? Of course, a private seller has no obligation to warranty a car. Any car you buy from an individual is assumed to be purchased "as-is."

Business

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A reduction in the variable expense per unit will cause the break-even point to rise

Indicate whether the statement is true or false

Business

Existing claims related to product warranties and litigation as of December 31, 2016, indicate that it is probable that a liability has been incurred. However, as of December 31, 2016, the amount of the obligation cannot be reasonably estimated. Based on these facts, an estimated loss contingency should be

A) accrued. B) disclosed but not accrued. C) neither accrued nor disclosed. D) classified as an appropriation of retained earnings.

Business

If a territorial evaluation indicates that a salesperson's quotas are not met, then it is most likely that:

A. sales methods will be changed. B. new territory plans will be developed. C. key accounts will be dropped. D. routing will be re-measured. E. territories will be expanded.

Business

Which of the following debts are not extinguished by a Chapter 7 bankruptcy?

a. alimony and child support payments b. back taxes c. debts incurred by fraud against creditors d. fined owed to the government e. all of the other choices

Business