In CASE 82 MacNeil Automotive Products,Ltd

question 23

Multiple Choice

In CASE 8.2 MacNeil Automotive Products,Ltd.v.Cannon Automotive,Ltd.(2010) ,MacNeil subcontracted with Canon Automotive to provide floor mats on automobiles.MacNeil claimed the mats were defective and breached the express warranty.The main question before the court was whether:

• A) the sales talk constituted an implied warranty for fitness of purpose.
• B) the sales talk constituted an implied warranty of merchantability.
• C) the sales talk was puffery or an express warranty.
• D) the sales talk properly disclaimed all express warranties.

Recognize and utilize the appropriate data types and their functionalities within a database.

Grasp the ability to manage database objects, including tables, through various views and operations.

Comprehend the process and benefits of database maintenance tasks such as compacting and backing up.

Understand the methods to input and modify data in tables.

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Definitions:

Ex-dividend Date

The date on which stocks are traded without the right to receive the next dividend payment, determining who will receive the dividend.

Dividend Payment

A portion of a company's earnings distributed to shareholders, usually on a regular basis.

Stock Ownership

Stock ownership refers to the possession of shares in a corporation, which represents a claim on part of the company's assets and earnings.

Residual View

In corporate finance, this concept suggests that dividends should be paid from the residual or remaining equity after all project investments with positive NPV have been funded.