The Implied Warranty of Merchantability Requires

question 135

Multiple Choice

The implied warranty of merchantability requires:

• A)proof that the seller is a merchant.
• B)proof that the buyer relied on a merchant.
• C)proof of a defective product.
• D)all of the above

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Definitions:

Organizational Politics

Organizational politics is the management of influence to obtain ends not sanctioned by the organization or to obtain sanctioned ends through nonsanctioned means and the art of creative compromise among competing interests.

Self-serving

Behaviors or attitudes focused on one's own advantage, often at the expense of others or ethical principles.

Social Capital

A capacity to get things done due to relationships with other people.

Intellectual Assets

Intellectual assets are valuable intangible resources of an organization, such as patents, trademarks, and employee expertise.