Joseph Decides He No Longer Needs His Matching Couch and Loveseat

question 3

Multiple Choice

Joseph decides he no longer needs his matching couch and loveseat that both have pull-out beds in them. Joseph's next door neighbor buys Joseph's furniture for $1,500. Does an implied warranty of merchantability apply in this case?

• A) Yes, because the couch and loveseat are consumer goods.
• B) Yes, because the couch and loveseat were valued over $500.
• C) No, because Joseph is not a merchant buying goods in the ordinary course of business.
• D) No, because the purchaser must have purchased or leased the goods from a merchant.
• E) Not unless formal title to the couch and loveseat was transferred to Joseph.

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Definitions:

Temporary Workers

Temporary workers are employed on a short-term basis, often through a staffing agency, to fill temporary positions or during peak business periods.

DVCs

Developing Venture Capitalists; alternatively, if intended to reference countries, this term is not correctly expanded.

Vicious Circle

A complex chain of events that reinforce themselves through a feedback loop, leading to a detrimental situation.

Poverty

A state or condition in which individuals or communities lack the financial resources and essentials for a minimum standard of living.