Which of the Following Is True for Display of Warranty

question 83

Multiple Choice

Which of the following is true for display of warranty disclaimers as ruled by the court?

• A)It can be implied as an understanding between the buyer and seller.
• B)It should be conspicuous and noticeable.
• C)It need only be present in the contract.
• D)It must be published in the local newspaper before actually being displayed..

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Definitions:

Held

Usually refers to assets or investments retained over a period, not sold or traded.

Capital Surplus

The amount by which a company's total capital exceeds the par value of its issued share capital.

Paid-in Capital

Funds raised by a company through the sale of common or preferred stock.

Preferred Stock

A type of stock that provides a fixed dividend before any dividends are paid to common stockholders and typically has no voting rights.