In Bringing a Warranty Action,the Buyer Must Prove

question 35

Multiple Choice

In bringing a warranty action,the buyer must prove:

• A) whether the warranty was express or implied.
• B) that breach of the warranty proximately caused the loss suffered.
• C) reliance on the affirmations,promises,descriptions,samples,or models the seller made or used.
• D) All of these.

---

Definitions:

IRS Method

Techniques and guidelines set by the Internal Revenue Service for calculating and filing taxes.

Depreciation

The method of allocating the cost of a tangible or physical asset over its useful life.

Royalties

Payments made to owners of intellectual property, like patents or copyrights, in exchange for usage rights.

Form 1099-MISC

A document used to report miscellaneous income such as payments made to independent contractors, rent, or awards.