Regional Lumber Company and Superior Builders Corporation enter into a contract for a sale of wood products. Regional, a merchant who deals in goods of the kind sold, makes implied and express warranties in connection with the sale. Under the UCC, if these are inconsistent

A. all implied warranties displace all express warranties.
B. all express warranties displace all implied warranties.
C. the implied warranty of fitness for a particular purpose takes precedence.
D. the implied warranty of merchantability takes precedence.


Answer: C

Business

You might also like to view...

A company originally issued 13,000 shares of $6 par value common stock at $12 per share. The board of directors declares a 12% stock dividend when the market price of the stock is $22 a share. Which of the following is included in the entry to record the declaration of a stock dividend?

A) Stock Dividends is debited for $34,320. B) Stock Dividends is credited for $34,320. C) Stock Dividends is debited for $18,720. D) Paid-In Capital in Excess of Par—Common is credited for $18,720.

Business

Internal failure costs and prevention costs make up the costs of conformance

Indicate whether the statement is true or false

Business

Gretchen is in the process of deciding which new car to buy. In comparing the miles per gallon, luxury features, safety features, and style of three different models, Gretchen is considering each car's ________

A) demand B) service C) utility D) marketing orientation E) marketing concept

Business

All of the following are elements of Web site design except:

a. context b. content c. customer service d. communication e. community

Business