Whether an Implied Warranty Arises Out of the Circumstances Under

question 71

Multiple Choice

Whether an implied warranty arises out of the circumstances under which the parties enter into a contract may depend on:

• A) the type of contract entered into.
• B) the seller's merchant or non-merchant status.
• C) applicability of other statutes.
• D) All of these.
• E) None of these.

---

Definitions:

Post-Completion Audit

A review conducted after the completion of a project to evaluate its success, including its adherence to budget, timelines, and the achievement of expected benefits.

Profitability Indexes

A calculation used to assess the attractiveness of an investment by dividing the present value of cash flows by the initial investment.

Accounting Rate of Return

A financial metric used to assess the profitability of an investment, calculated by dividing the average return from an investment by the initial cost.

Profitability Index

A financial tool used to determine the desirability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.