Implied warranties are created by

A. the seller's words or actions.
B. the buyer's intentions.
C. the UCC itself.
D. both the seller and the buyer.


Answer: C

Business

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On July 9, 2015, Marcus Company purchased an asset for $18,000. Marcus estimated a four-year life and no salvage value. Marcus uses sum-of-the-years'-digits depreciation to the nearest whole month. Depreciation expense for 2018 will be

A) $1,800 B) $2,700 C) $3,600 D) $4,500

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A small appliance retailer has in-store cooking demonstrations, offers free samples, and lets consumers try out selected new appliances in an environment that resembles a small kitchen. This retailer _____

a. employs functional product groupings b. has a theme-setting display c. practices experiential merchandising d. utilizes the model stock approach

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Forces for change are ______.

a. internal only b. external only c. internal and external d. global

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Which of the following sections of the statement of cash flows is presented differently between the direct method and indirect method?

A) investing activities B) financing activities C) operating activities D) non-cash activities

Business