Only ____________________ May Make the Warranty of Merchantability

question 20

Short Answer

Only ____________________ may make the warranty of merchantability.

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Definitions:

Operating Agreement

A document that outlines the governance and business operations of an LLC, agreed upon by its members.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership with the limited liability protections of a corporation.

Managing Business

The process of organizing, planning, leading, and controlling the operations of a business to achieve its objectives.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability protections of a corporation.