Which of the Following Is NOT Included Within the Code

question 17

Multiple Choice

Which of the following is NOT included within the Code definition of merchantability?

• A) Reasonably fit for the ordinary purposes for which the goods are used
• B) Pass without objection in the trade under the contract description
• C) In the case of secondhand goods that they be of a quality that matches that of new goods of the same type.
• D) Are of fair,average quality.

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Definitions:

Consolidated Patents

The collective intellectual property rights maintained by a parent company and its subsidiaries, often accounted for on a consolidated balance sheet.

Outstanding Stock

The total shares of a corporation's stock that are currently owned by all its shareholders, including shares held by institutional investors but excluding shares owned by the corporation itself.

Cash

Cash involves money in the form of currency, which includes bank notes and coins, that is in hand or readily available in deposit accounts for immediate use.

Building

A structure established or built from materials to provide shelter or accommodate individuals, businesses, or activities.