A Recommendation of a Shoe by a Salesperson in an Athletic

question 27

Multiple Choice

A recommendation of a shoe by a salesperson in an athletic shoe store is an example of an implied warranty of:

• A)merchantability.
• B)wearability.
• C)fitness for a particular purpose.
• D)fitness for a general purpose.

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Definitions:

Median Income

The middle income in a list of incomes sorted from lowest to highest, where half the incomes are above it and half are below it.

Chapter 13

A section of the U.S. Bankruptcy Code allowing individuals earning a regular income to develop a plan to repay all or part of their debts.

Transnational Insolvencies

Insolvency proceedings that involve debtors, assets, claimants, and other parties of interest across multiple countries, requiring coordination between different legal systems.

Median Income

The middle value of income in a list of incomes ordered from lowest to highest, used as a standard measure to indicate the income level of a typical member of a specific group.