A Under the Code, What Constitutes an "Express" Warranty? How

question 73

Essay

a. Under the Code, what constitutes an "express" warranty? How does an express warranty arise?
b. Which of the following would be an express warranty? Explain.
(1) "This is the best computer available in town."
(2) "This car has new brakes."
(3) "This sample is just like the one in the box."
(4) "In my opinion, this is a better video recorder than the one made by RCA."
(5) "As a mechanic, I think this car is in good running order and should give you no problems for at least three months."

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Definitions:

Voluntary Practices

Actions or policies adopted by individuals or organizations out of choice rather than due to legal requirements, often reflecting ethical or sustainability standards.

Strategic Philanthropy

Involves companies aligning their charitable giving with their business goals and objectives, often to bring about social change or benefit their industry or operating context.

Dodd-Frank Wall Street

A United States federal law passed in 2010 aimed at reducing risks in the financial system by imposing comprehensive regulations on financial institutions.

Financial Literacy

The ability to understand and use various financial skills, including personal financial management, budgeting, and investing.