Lighter Than Air, Inc

question 38

Multiple Choice

Lighter Than Air, Inc., and Mario enter into a contract for a sale of a hang glider. Lighter Than Air, a merchant who deals in goods of the kind sold, makes implied and express warranties in connection with the sale. The Magnuson-Moss Warranty Act was designed to prevent deception in warranties by

• A) ​displacing the UCC as the primary source of warranty rules.
• B) ​making warranties easier to understand.
• C) ​prohibiting disclaimers of warranties.
• D) ​requiring sellers to give written warranties for consumer goods.

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Definitions:

Formal Business Plan

A detailed document that outlines the strategy, goals, finances, and market analysis of a business to ensure its success and sustainability.

Pitch Deck

A concise presentation used by entrepreneurs to provide an audience with a quick overview of their business plan, often in the context of seeking investment.

Formal Business Plan

A detailed document that outlines the strategy, goals, financials, and future plans of a business in a structured format.

Formal Business Plan

A comprehensive document that outlines a business's objectives, strategies, market research, financial forecasts, and operational plans.