Crytrin Manufacturing,Inc

question 33

Multiple Choice

Crytrin Manufacturing,Inc.contracted with Molfrey,Inc.to manufacture three large pieces of equipment.The contract contained a clause stating that Crytrin agreed to repair or replace any defective equipment,but that was the only remedy Molfry would have.This clause

• A)is an effective disclaimer.
• B)will not keep Molfry from obtaining consequential damages since, under the UCC, consequential damages cannot be excluded.
• C)is a limitation of remedy clause, which limits or excludes normal remedies permitted under the UCC.
• D)limits any express warranties made by Crytrin.

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Definitions:

Dividend

A portion of a company's earnings distributed to shareholders, usually in cash or additional stock.

Equity Investments

Investments in stock or equity securities, giving the investor partial ownership in a company.

Constant Dividend

A dividend policy in which a company commits to distributing a fixed amount of money to shareholders regularly.

Rate of Return

The upward or downward adjustment in the value of an investment during a particular period, characterized as a percentage of the initial investment price.