Examlex
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."
Prevention
Measures or actions taken to reduce the risk of errors, defects, or damages in a production process or operation.
Appraisal
An evaluation, usually by an expert, to determine the value of a property or asset.
Quality Cost Report
A report that details prevention costs, appraisal costs, and the costs of internal and external failures.
Purchasing Department
A division within a company responsible for acquiring goods, services, and materials needed for its operations.
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