Explain the implied warranty of fitness for a particular purpose
What will be an ideal response?
The UCC contains an implied warranty of fitness for a particular purpose. This implied warranty attaches to the sale or lease of goods if the seller or lessor has made statements that the goods will meet the buyer's or lessee's needs or purpose. This implied warranty is breached if the goods do not meet the buyer's or lessee's expressed needs. The warranty applies to both merchant and nonmerchant sellers and lessors.
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Consider a perpetuity that pays $150 every year. If the annual rate of discount is 4 percent, the present value of the perpetuity is
A. $210.00. B. $3,000.00. C. $3,600.00. D. $3,750.00.
Return on assets is often stated in ratio form as the amount of income divided by assets invested.
Answer the following statement true (T) or false (F)
In Chapter 7's "A Question of Ethics: Whistleblower or Traitor?" the case of Edward Snowden created ________
A) one of the most perplexing First Amendment-related cases in history B) a clear case of espionage for U.S. government prosecutors C) the freedom of an ordinary citizen to leak government secrets D) a clear need for public relations counsel for the court of public opinion
Which one of the following broadcast audience monitoring techniques records every viewer in sample homes?
A. Diary log D. Telephone interview B. People meter E. Aided recall C. Receiver meter