Wal-Mart Has Its Own Trucks That Ship Merchandise to Its

question 153

Multiple Choice

Wal-Mart has its own trucks that ship merchandise to its warehouses from the supplier for backstock purposes.Wal-Mart is carrying out which of the following functions?

• A) contracting with suppliers
• B) standardizing and grading its facilities
• C) buying and selling
• D) risking obsolescence of its products
• E) transporting and storing

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Definitions:

Implied Warranty

A legal assumption that a product will perform as expected without explicit statements by the seller regarding its quality or performance.

Warranty Of Merchantability

A legal guarantee that a product sold by a merchant fits its ordinary purposes and meets the buyer’s expectations.

Breach

The violation or non-fulfillment of a legal obligation, agreement, or law.

Magnuson-Moss Act

A federal law in the United States that governs warranties on consumer products, aiming to protect consumers against deceptive warranty practices.