________ Warranties Are Created When a Seller or Lessor Affirms

question 42

Multiple Choice

________ warranties are created when a seller or lessor affirms that the goods he or she is selling or leasing meet certain standards of quality,description,performance,or condition.

• A) Express
• B) Implied-in-fact
• C) Equitable
• D) Implied-in-law
• E) Limited

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Definitions:

Real GDP

Real Gross Domestic Product, which adjusts the GDP for inflation to show the actual worth of an economy's total production of goods and services within a year.

Real Terms

Refers to economic measures adjusted for inflation, enabling comparison of purchasing power across different times.

Population

The total number of people inhabiting a particular area, country, or region.

Net Exports

The net amount obtained when a nation's overall imports are subtracted from its overall exports.