In Order to Establish an Implied Warranty of Merchantability Leavitt

question 89

Multiple Choice

In order to establish an implied warranty of merchantability Leavitt must prove.

• A)He told the Monaco Coach Corporation about his intended use.
• B)Monaco Coach Corporation is a merchant.
• C)The Motor Coach he purchased cannot maintain 50 miles an hour at elevations of 10,000 feet above sea level.
• D)The Motor Coach purchased was new not used.

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Definitions:

Well-diversified Portfolio

An investment portfolio with a mix of assets designed to reduce exposure to risk by spreading investments across various sectors or asset classes.

Price of Money

Often refers to the interest rate, reflecting the cost of borrowing money or the return on savings, generally influenced by inflation, supply and demand for credit, and monetary policy.

Anticipated Inflation

Expected inflation, the general rise in prices forecasted by consumers, businesses, and investors, affecting economic decisions.

Market Risk Premium

The extra return expected by investors for holding a risky market portfolio instead of risk-free assets.