A Salesman's Pitch to a Customer,"this Is the Best Hi

question 9

True/False

A salesman's pitch to a customer,"this is the best Hi Def screen on the market" is the equivalent of an express warranty.

---

Definitions:

Initial Board

The first group of individuals appointed or elected to govern and oversee a newly formed corporation or organization.

Corporation

A legal entity that is separate and distinct from its owners, providing them with limited liability, and recognized as having rights and responsibilities.

Preferred Stock

A security that entitles the holder to payment of fixed dividends and that has priority over common stock in the distribution of assets on the corporation’s dissolution.

Common Stock

A type of equity security that represents ownership in a corporation, with holders usually having a right to vote on corporate matters.