Laura Donen had a swimming pool installed in her back yard. It came with a warranty for materials and workmanship for two years, except for the filtration system

The warranty stated that it was in lieu of any other warranties or conditions, express or implied by law. The filtration system broke down within a week and had to be completely replaced. Can Laura sue the supplier for this? Why or why not?

A) No. The warranty specifically excluded the filtration system.
B) No. The Sale of Goods Act allows parties to exclude its implied conditions and warranties.
C) Yes. The implied conditions and warranties under the Sale of Goods Act take precedence over an express warranty in a contract.
D) Yes. The Consumer Protection Act (or equivalent) prohibits a consumer sale from excluding the implied conditions and warranties under the Sale of Goods Act.
E) Both A and B


D

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Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%; salary

allowances of $38,000 and $28,000, respectively; and the remainder to be divided equally. How much of the net income of $77,000 is allocated to Yolanda? a. $77,000 b. $38,000 c. $36,000 d. $44,000

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According to Figure 4.1, the loss in Mexican consumer surplus due to the tariff equals

a. $225. b. $265. c. $285. d. $325.

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Costs that do not differ among alternatives are called ________ costs

a. opportunity b. irrelevant c. semi–variable d. relevant

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Brand awareness is important because many people associate familiarity with reliability

Indicate whether the statement is true or false

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