A Disclaimer of an Implied Warranty Is Permitted If the Disclaimer

question 176

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) meets Uniform Warranty Act standards
• E) none of the other choices

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Definitions:

Government Inefficiency

Occurs when government actions result in wasted resources, over-expending, or achieving outcomes that do not maximize social welfare.

Production Cost

The total expense incurred in manufacturing a product or providing a service, including raw materials, labor, and overheads.

Remittances

Money sent back home by migrants to family members in their country of origin.

Emigrants

Individuals who leave their country of origin to live permanently in another country.