Which of the Following Is Not an Express Warranty

question 41

Multiple Choice

Which of the following is not an express warranty?

• A) Restating facts or market figures about a product
• B) The opinion of an expert in a certain field regarding a product in that field
• C) A statement of the product specifications
• D) The seller's opinion of the value of goods

---

Definitions:

Credit Terms

The conditions under which credit will be extended to a borrower, including the repayment schedule, interest rate, and any other terms and conditions.

Periodic Inventory System

A method of accounting for inventory where updates to the inventory records are made periodically, typically at the end of an accounting period, rather than after each transaction.

Net Method

An accounting method where purchases are recorded at their net amount after deducting any purchase discounts.

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment schedule, interest rate, and late penalties.