An Obligation of the Merchant-Seller That the Goods Are Reasonably

question 46

Multiple Choice

An obligation of the merchant-seller that the goods are reasonably fit for general purposes for which they are manufactured and sold,and the goods are of fair,average quality is known as:

• A) a warranty of merchantability.
• B) strict liability.
• C) an express warranty.
• D) the warranty of fitness for a particular purpose.

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Definitions:

Cyclical Nature

The inherent tendency of markets, economies, or certain stocks to move in cycles, experiencing periods of expansion and contraction.

Peak Periods

Times of maximum activity, demand, or use, typically stressing the capacity, resources, or systems involved.