Which of the Following Would Constitute an Implied Warranty

question 55

Multiple Choice

Which of the following would constitute an implied warranty?

• A) affirmation of the facts of the goods
• B) description of the goods
• C) model or sample of the goods
• D) adequate packaging and labeling of the goods

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Definitions:

Proxy

A person authorized to act on behalf of another, especially in voting at a shareholder meeting, or the document authorizing the person to vote.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation, with voting rights and the potential for dividends.

Outstanding

An amount of money that is still owed or an issue that has not yet been resolved.

Common Shareholders

Individuals or entities that own common stock in a corporation, giving them rights to vote on corporate matters and receive dividends.