A Disclaimer of an Implied Warranty Is Permitted If the Disclaimer

question 9

Multiple Choice

A disclaimer of an implied warranty is permitted if the disclaimer uses the word merchantability and the disclaimer:

• A) specifies the alternatives
• B) includes a mail-in form
• C) does not attempt to disclaim safety issues
• D) is conspicuous
• E) none of the other choices; such disclaimers are not allowed

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Definitions:

Bond Sinking Fund

A financial strategy to set aside funds over time for the eventual repayment of the principal amount of bonds, ensuring the issuer can meet its future obligations.

Asset

An economic resource owned or controlled by a business or an individual that is expected to provide future benefits.

Cost of Retirement

The total expenses incurred when an individual stops working and enters retirement, including living and healthcare costs.