What is the implied warranty of merchantibility

Assignment Help Financial Management

Reference no: EM132059438

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 merchantibility?

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

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

6) Can any seller make the wrranty 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 haas the highest priority if there are conflicting warrranties? The lowest?

Reference no: EM132059438

Questions Cloud

Describe the purpose of an acceptable use policy you have : Describe the purpose of an Acceptable Use Policy you have selected and explain how the AUP helps provide confidentiality, integrity, and availability.

Horizontal distance to the tower : Where x is the horizontal distance to the tower. If the plane's speed is 300 miles per hour, how fast is D changing when x=7.3 miles?

Indicated rate and all variables are implicit function : Find indicated rate and all variables are implicit function of time (t). x2+2y2+2y=49; dx/dt=1 when x=7 and y= -1; find dy/dt.

Explain the role of us-cert in protecting the nation : Explain the role of US-CERT in protecting the nation's industrial systems and analyze its efforts in relation to preparedness and incident.

What is the implied warranty of merchantibility : In a sales contract which party makes warranties, buyer or seller? What is the implied warranty of merchantibility?

What is the maximum profit that the cruise line : The cost to the cruise line for n passengers is 80,000+400n. What is the maximum profit that the cruise line can make on one trip?

Describe the open systems interconnect model layers : Describe the Open Systems Interconnect (OSI) model layers, and explain how they interact with each other.

Find a vector-valued function for the position equation : Use integration to find a vector-valued function for the position equation. Also, find the distance traveled by the projectile.

Newly marketed prescription drug for heart disease : A sales rep of a large pharmaceutical company that promotes a newly marketed prescription drug for heart disease.

User Account

All Pages