An implied warranty of ________ is a warranty that arises where a seller or lessor warrants that the goods will meet the buyer's or lessee's expressed needs
A) merchantability
B) fitness for a particular purpose
C) fitness for human consumption
D) good title
B
Business
You might also like to view...
How can a firm anticipate a competitor's reactions to a price change?
What will be an ideal response?
Business
For notes payable whose interest is stated separately, the adjusting entry would consist of a debit to Interest Expense and a credit to Interest Payable
Indicate whether the statement is true or false
Business
Describe the major external forces that impact the recruiting process.
What will be an ideal response?
Business
A company has net sales of $31,000 and ending accounts receivable of $3,200 for the current period. Its days' sales uncollected equals _____. (Use 365 days a year.)
Business