If the Buyer Relies on the Seller's Skill or Judgment

question 90

Multiple Choice

If the buyer relies on the seller's skill or judgment to select the goods for that purpose, an implied warranty ____ is created.

• A) no implied warranty is created in this situation
• B) that the goods are not suited for that purpose
• C) that the goods will be reasonably priced
• D) that the goods will last for at least a year
• E) none of the other choices are correct

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Definitions:

Market Breadth

An indicator used to gauge the direction of the overall market by analyzing the number of companies advancing relative to those declining.

TRIN Ratio

The Trading Index Ratio, an indicator used in financial markets to gauge overall market sentiment or strength.

Moving Average

A statistical method used in finance to smooth out data points for a stock or other security by averaging the price points over a specific period of time, making it easier to identify trends.

Sell Signals

Indications, based on technical analysis or other factors, suggesting that it might be an opportune time to sell a particular investment.