What Type of Warranty Is Unspoken and Unwritten and Based

question 20

Multiple Choice

What type of warranty is unspoken and unwritten and based on the principle that the seller stands behind the product?

• A)implied
• B)express
• C)service contract
• D)extended

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Definitions:

Goodwill

An intangible asset representing the excess value paid for a company over its book value during an acquisition, attributable to factors like reputation, brand, or customer relations.

Total Share

Total share commonly refers to the total number of issued shares of a company’s stock, representing ownership in the company.

Personal Use

Refers to the utilization of goods, services, or assets for individual, non-commercial purposes.