Treevia Is a Country That Has Just Received a Loan

question 51

True/False

Treevia is a country that has just received a loan from the IMF.Because the IMF operates in a no-strings-attached manner,Treevia is free to enact its own policy reforms to enable repayment of the loan.

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Definitions:

Implied Warranty

A legal assumption that a product will meet basic standards of quality and functionality, even if not expressly stated.

Merchantable

A quality of goods being fit for the purpose for which such goods are ordinarily used, a requirement for sales under many commercial laws.

Trade or Market

generally refers to a specific area or industry where goods and services are bought and sold.

Fit for Particular Purpose(s)

A legal concept that implies a sold item is suitable for the specific use intended by the buyer, which the seller is aware of.