There Is No Requirement That a Buyer Establish That an Incorrect

question 129

True/False

There is no requirement that a buyer establish that an incorrect statement was part of the basis of the bargain in order to recover for breach of express warranty.

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Definitions:

Fixed Cost

Expenses that do not change with the level of production or sales over a certain period, such as rent or salaries.

Output

The amount of goods or services produced by a person, machine, or industry.

Marginal Product

Marginal product refers to the additional output generated by employing one more unit of a specific factor of production, holding all other factors constant.

Labor

The exertion of mental or physical strength by humans to create goods and services.