With Respect to Warranty Disclaimers, Under the UCC a Seller

question 285

Multiple Choice

With respect to warranty disclaimers, under the UCC a seller:

• A) may never disclaim a warranty
• B) may only disclaim implied warranties
• C) may disclaim only express warranties
• D) may disclaim any warranty except a warranty of title
• E) none of the other choices

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Definitions:

Composite Units

Units formed by combining different but related items, often used in production or inventory management.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much contributes to covering fixed costs and generating profit.

Fixed Costs

Expenses that do not change in proportion to the activity of a business.

Contribution Margin

The amount by which sales revenue exceeds variable costs; it contributes towards covering fixed costs and generating profit.