Which of the Following Statements Could Create an Express Warranty

question 15

Multiple Choice

Which of the following statements could create an express warranty?

• A) "This is the best car available in town."
• B) "This motorcycle will double in value in the next ten years."
• C) "These tires have 10,000 miles on them."
• D) "This antique is quite a bargain."

---

Definitions:

Semiannually

Taking place semiannually, usually once every six months.

Liquidity Risk

The risk that an entity may be unable to convert its assets to cash quickly without significant loss in value, impacting its ability to meet its short-term obligations.

Default Risk

The possibility that a borrower will be unable to make the required payments on their debt obligations.

Maturity Risk

The risk associated with the length of time until the face value of a bond or other debt instrument is repaid, affecting its price and yield.