Under the UCC Sales Article, the warranty of title may be excluded by:
a. Merchants or nonmerchants, provided the exclusion is in writing.
b. Nonmerchant sellers only.
c. The seller's statement that it is selling only such right or title that it has.
d. Use of an "as is" disclaimer.
.C
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Which of the following would most likely be classified as a current liability?
a. two-year notes payable b. bonds payable c. mortgage payable d. unearned rent
The bottom rung of the customer loyalty ladder is ________
A) word of mouth/buzz B) repeat purchase C) satisfaction D) evangelism E) ownership
Systematic error describes measurement error that arises from arbitrary changes that have a different effect each time the measurement is made
Indicate whether the statement is true or false
To meet stockholder expectations of returns on their investment, a company finding a serious defect in its product should ______.
A. balance the cost of fixing the problem with the cost of potential liability from injuries to consumers B. offer to buy back stock and boost share prices C. inform its customers and take corrective action in a timely manner D. declare bankruptcy