Which of the Following Statements Is True About Disclaimers Used

question 9

Multiple Choice

Which of the following statements is true about disclaimers used to limit consequential damages for injury caused by consumer goods?

• A) These disclaimers are considered unconscionable under the Uniform Commercial Code, and will not be enforced.
• B) These disclaimers are enforceable only if the contract is in writing.
• C) These disclaimers are enforceable whether or not the contract is in writing.
• D) These disclaimers are not considered unconscionable, and are, therefore, not enforced.

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Definitions:

U.S. Government Bonds

Securities issued by the United States Department of the Treasury to finance government spending.

Net Capital Outflow

The difference between a nation's savings and its domestic investments, representing international transfers of capital.

U.S. Assets

Assets located within the United States that may include real estate, stocks, bonds, and other financial instruments owned by individuals, companies, or the government.

Capital Goods

Long-term assets used in the production of other goods and services, such as machinery, buildings, and equipment, essential for creating consumer goods.