Sam expressed an interest in buying a painting from Jasper, who claimed that the painting was a family heirloom. Jasper's asking price was $15,000, but Sam was only willing to offer $13,000
Jasper told him that it was a very old painting worth a fortune and that others would gladly pay $20,000 for it. He also told him that he was only selling it under its market value because he needed the money immediately. He then implied that Sam could sell it for a higher rate if he wanted. In legal terms, Jasper's words to Sam would be considered as ________.
A) an express warranty
B) an implied warranty of merchantability
C) a statement of opinion
D) an oral contract
C
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Kodak markets cameras, film, X-ray film and equipment, printers, motion picture film, and batteries. Kodak is likely to have ________ who coordinate the mix of the product lines
A) brand managers B) product category managers C) venture teams D) communication teams E) market managers
Which of the following is not an assumption of a cost-volume-profit analysis?
A) Selling price and costs can be accurately identified. B) Selling price and costs remain constant within the relevant range. C) Inventory levels can increase or decrease. D) Selling price and costs behave in a linear manner.
In a standard costing system, each input of direct materials, direct labor, and manufacturing overhead has a cost standard and an efficiency standard
Indicate whether the statement is true or false
With respect to fund basis financial statements, a government may only designate a fund to be a major fund if it meets the size thresholds established by GASB.
Answer the following statement true (T) or false (F)