The Implied Warranty of Merchantability Arises Only in the Sale

question 78

True/False

The implied warranty of merchantability arises only in the sale of a new automobile.​

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Definitions:

Pure Capitalist Economy

An economic system characterized by private ownership of resources and the use of market mechanisms to allocate goods and services with minimal government intervention.

Government Role

The activities, responsibilities, and powers of a government in shaping society, economy, and ensuring public welfare.

United States

A country located in North America, consisting of 50 states and known for its large size, diverse population, and influential role in global affairs.

Capitalism

An economic system where private individuals own and control trade and industry rather than them being controlled by the state.