Which of the Following Is True Regarding Disclaimers of the Implied

question 15

Multiple Choice

Which of the following is true regarding disclaimers of the implied warranty of merchantability?

• A) Any attempt to disclaim the implied warranty of merchantability is per se unconscionable, but a court will enforce the disclaimer if the buyer is another merchant and is fully informed of the disclaimer.
• B) Any attempt to disclaim the implied warranty of merchantability is per se unconscionable, and a court will refuse to enforce the disclaimer.
• C) Under some situations, a disclaimer of the implied warranty of merchantability may be made within 10 days after a sale.
• D) A disclaimer of the implied warranty of merchantability may be done orally.
• E) By federal law, there is no requirement that the term "merchantability" be used in any disclaimer.

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Definitions:

Social Insurance

A government-sponsored program designed to ensure individuals against economic risks (such as loss of income due to sickness, unemployment, or old age) by pooling resources.

Works Progress Administration

A key part of the New Deal, it was a large federal agency created in 1935 to provide jobs for unemployment relief through public works projects.

Property Taxes

Taxes levied by local governments based on the assessed value of land and property owned.