Which of the Following Is a Warranty Implied by the Sale

question 46

Multiple Choice

Which of the following is a warranty implied by the Sale of Goods Act?

• A) that the goods will be of merchantable quality
• B) that the goods are free of liens and encumbrances
• C) that the goods are fit for their intended purpose
• D) that goods sold by sample will correspond with the sample

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Definitions:

Inflationary Gap

The difference between the actual output of an economy and the output it could achieve with full employment, leading to inflation when demand outstrips supply.

GDP

The total economic value of all end goods and services made within a nation's borders during a specific period is known as Gross Domestic Product.

Inflationary Gap

A situation where the demand for goods and services exceeds the supply, leading to inflation and an overheating economy.

Fiscal Policy

Alterations in expenditure and taxation by the government to control and impact the country's economic conditions.