To Create an Express Warranty, a Reasonable Buyer Must Regard

question 35

True/False

To create an express warranty, a reasonable buyer must regard a seller's representation of fact-found, for example, in an ad-as part of the basis of the bargain.

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Definitions:

Purchase Price

The amount of money paid to buy an asset.

Face Value

The nominal or dollar value printed on a security or currency, indicating its worth as stated by the issuing authority.

Yield To Maturity

The total return anticipated on a bond if it is held until the date it matures, including all payments of interest and principal.

5-Year Bond

A debt security issued by governments or corporations with a fixed interest rate and maturity period of five years.