Which of the Following Is False Regarding Express Warranties

question 53

Multiple Choice

Which of the following is false regarding express warranties?

• A) They may be part of a brochure.
• B) They may not arise from a salesperson's oral promise.
• C) A sample may provide an express warranty.
• D) They may be part of a written sales or lease contract.
• E) A model may provide an express warranty.

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Definitions:

Depreciation

The accounting process of allocating the cost of a tangible asset over its useful life, representing wear and tear, or obsoleteness.

Mortgage Bond

A bond secured by a mortgage on a property, where the bondholders have a claim on the property in case of default.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature.

Coupon Bond

A bond that offers interest payments to its holder through coupons attached to the bond, redeemable at specified intervals before the bond's maturity date.