User Account

All Pages

What is the implied warranty of merchantability

Assignment Help Accounting Basics
Reference no: EM131976500

Question - WARRANTIES

1) In a sales contract which party makes warranties, buyer or seller?

2) In contrast to an express warranty, implied warranties are made simply by selling an item

3) What is the implied warranty of merchantability?

4) Can any seller make an implied warranty of merchantability?

5) What's the difference between the implied warranty of merchantability and the implied warranty of fitness for a particular purpose?

6) Can any seller make the warranty of fitness for a particular purpose?

7) In order for the warranty of fitness to apply the buyer must prove one thing about the seller and one thing about the buyer...what are those things?

8) As between express warranties, implied warranties of merchantability and implied warranties of fitness for a particular purpose which of these has the highest priority if there are conflicting warranties? The lowest?

Reference no: EM131976500

Questions Cloud

Business rationale for diversity management : What limitations are evident in CERAs individual performance measurement, taking into account its organisational strategy and recent developments
Crystalline ammonium nitrate from a cold pack : For an experiment, you have a calorimeter with 350 g of water at 24°C. 175 g of crystalline ammonium nitrate from a cold pack is placed into the calorimeter.
Analyze what is the field of cpted : Analyze what is the field of Crime Prevention Through Environmental Design (CPTED) and identify some of the strategies that deter crime in urban communities.
Calculate the amount of energy : Calculate the amount of energy (in kJ) needed to change 15.5 grams of ice at 0.00 oC to water at 25.00 oC. The specific heat of water is 4.184 J/g.oC
What is the implied warranty of merchantability : In contrast to an express warranty, implied warranties are made simply by selling an item. What is the implied warranty of merchantability
Identify and explain the purpose of the study : In the presentation, you must identify and explain the purpose of the study (article), interpret definitions and variations in definitions, if any.
Investigation television episode used a separation technique : An episode of a popular crime investigation television episode used a separation techniques as part of the plot.
Explore the possibilities for positive social change : Review the Walden University Social Change website and explore the possibilities for positive social change. Think about a research topic that involves.
What is novotna break-even point in dollars : The contribution margin ratios are: Boston (40%) and Seattle (30%). Fixed costs are $2,220,000. What is Novotna's break-even point in dollars

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd