A(n) __________ Is an Artificial Entity Created by the State

question 40

Short Answer

A(n) __________ is an artificial entity created by the state and existing apart from its owners.

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Definitions:

Fitness for a Particular Purpose

An implied warranty that goods will meet the specific needs of the buyer, as known by the seller at the time of purchase.

Merchant

A person or company involved in wholesale trade, especially one dealing with foreign countries or supplying merchandise to a particular trade.

Implied Warranty

An implied warranty is a legal assumption in sales that the goods sold meet certain quality and reliability standards, even if not expressly stated.

Express Warranty

A clearly stated promise or guarantee made by a seller that a product will meet certain standards of quality and reliability.