Unless properly disclaimed, a warranty is implied that sold or leased goods are fit for the ordinary purpose for which they are sold or leased, as well as other assurances, known as the implied warranty of ________
A) volatility
B) cause of action
C) assertion
D) merchantability
D
You might also like to view...
______ means a person is perceived by himself and the board as the organization’s formal authority.
A. Social rationalism B. Emergent perception C. Purposive rationality D. Psychological centrality
Acme Inc owns a store that it rents to Beta Inc which does not need the space yet so it sublets to Cartunes Inc which operates a car radio sale business in it. Mary slips on the floor while buying a radio and breaks her hip
The floor was wet because of negligence. Who of the following is liable to Mary on the above facts? A) Acme Inc., the owner B) Beta Inc., the tenant C) Cartunes Inc, the subtenant D) All of the above jointly E) Both B and C
Which of the following mathematical equations is used to compute the payables deferral period (DPO)?
A. Payables deferral period (DPO) = Payables turnover/360 B. Payables deferral period (DPO) = Payables turnover × 360 C. Payables deferral period (DPO) = Daily credit purchases/Accounts payable D. Payables deferral period (DPO) = Accounts payable/Daily credit purchases E. Payables deferral period (DPO) = Cost of goods sold/Accounts payables
Intent cannot be implied
a. True b. False Indicate whether the statement is true or false