A Representation Concerning the Quality, Condition, Description, or Performance Potential

question 9

Multiple Choice

A representation concerning the quality, condition, description, or performance potential of goods is

• A)an express warranty.
• B)an implied warranty.
• C)a warranty of title.
• D)not a warranty.

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Definitions:

Interested Party

An individual or group that has an interest in any decision or activity of an organization, including shareholders, creditors, or employees.

Present Interest

A right to immediately use, possess, or enjoy property or income.

Testator's Property

Assets owned by an individual who has made a will, to be distributed after their death.

Per Stirpes

A distribution in which each surviving descendant divides the share that his or her parent would have taken if the parent had survived. Also called by right of representation.