[Hot Toaster] Cara Bought a Toaster from Super Store and Brought

question 43

Multiple Choice

[Hot Toaster] Cara bought a toaster from Super Store and brought it home. A friend of hers, Kumar, was at her house making toast. The toaster malfunctioned and shocked Kumar, resulting in a small burn to his hand that required medical attention. Cara also purchased a blender at her friend Nicole's garage sale, with the intention of making smoothies. Unfortunately, the blender was not powerful enough to make smoothies. Assume that not all blenders are designed to provide the texture required for good smoothies.
-Based only on the facts presented, what type of warranty did Super Store give Cara upon the sale?

• A) An express warranty
• B) An implied warranty of merchantability
• C) An implied warranty of fitness for a particular purpose
• D) An acknowledged warranty
• E) A warranty of trade usage

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Definitions:

Gold Standard

A monetary system in which the value of currency is directly linked to gold, whereby currencies can be exchanged for a specific amount of gold.

Deflation

Deflation is an economic condition characterized by a general decrease in prices of goods and services, often indicating a reduction in the supply of money or credit.

International Exchange Rate System

The framework through which countries manage the value and exchange of their currencies in relation to one another.

Gold Standard

A currency system that directly correlates the value of a nation's paper money or currency with the value of gold.