Anthony Went into a Hardware Store to Purchase a Saw

question 64

Multiple Choice

Anthony went into a hardware store to purchase a saw. The salesclerk said of a particular saw, "This saw will cut through metal." Anthony purchased the saw. What kind of warranty, if any, did the salesclerk make through the statement?

• A) The salesclerk made an express warranty, a warranty of trade usage, and a warranty of fitness for a particular purpose.
• B) The salesclerk made a warranty of fitness for a particular purpose, but not an express warranty or a warranty of trade usage.
• C) The salesclerk made an express warranty and a warranty of trade usage, but not a warranty of fitness for a particular purpose.
• D) The salesclerk made an express warranty, but not a warranty of fitness for a particular purpose or a warranty of trade usage.
• E) The salesclerk made a warranty of trade usage, but not a warranty of fitness for a particular purpose or an express warranty.

Recognize the ethical considerations and standards in accounting, including the impact of small ethical lapses and the legal implications for unethical behavior.

Understand the significance of the Sarbanes-Oxley Act on corporate responsibility and financial disclosures.

Comprehend the primary role of accounting in business and society.

Distinguish the characteristics of various forms of business organization.

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Definitions:

Dry

Lacking moisture, not wet or lubricated; often relating to conditions, substances, or operation modes.

Silicone Lube

A lubricant made from silicone, offering excellent moisture resistance and a wide temperature range compatibility, used in various applications.

Leaking Oil

The unintentional escape of oil from a system or container, usually due to a breach in containment like a seal or gasket failure.

Front And Rear Seals

Components in an engine or transmission that prevent oil or fluid leakage at either end.