A Seller Need Not Warrant the Validity of the Title

question 22

True/False

A seller need not warrant the validity of the title to the goods it is selling as long as the transfer of title is rightful.

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Definitions:

Return On Total Assets

A financial ratio that measures a company's effectiveness in using its assets to generate profit, calculated by dividing net income by the average total assets.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Market Price

The current price at which an asset or service can be bought or sold in a public market.

Return On Total Assets

A financial ratio that measures a company's ability to generate earnings from its assets, calculated by dividing net income by total assets.