Unless Properly Disclosed, a Warranty That Is Implied That Sold

question 45

Multiple Choice

Unless properly disclosed, a warranty that is implied that sold or leased goods are fit for the ordinary purpose for which they are sold or leased, as well as other assurances is known as ________.

• A)implied volatility
• B)implied cause of action
• C)implied assertion
• D)implied warranty of merchantability

---

Definitions:

Worse Off

A situation in which an individual or group is in a less favorable or disadvantageous position compared to a previous state or to others.

Adam Smith

A Scottish economist and philosopher known as the "father of economics," renowned for his work on the nature and causes of the wealth of nations.

Cost To Buy

The total amount of money required to purchase a good or service including taxes and fees.

Cost To Make

The total expenditure incurred in producing a good or service, including materials, labor, and overhead costs.