Which of the Following Statements Is Correct with Respect to a Contract

question 51

Multiple Choice

Which of the following statements is correct with respect to a contract for the purchase of goods?

• A) Where a breach of a condition is involved, the obligation of the victim of the breach is ended and that person need not perform her side of the agreement.
• B) Where a breach of a condition is involved, the contract is still in force and the victim of the breach must still perform her side of the agreement.
• C) Where a breach of a warranty is involved, the obligation of the victim of the breach is ended and that person need not perform her side of the agreement.
• D) The purpose of the inclusion of a warranty in a sale of goods contract is to force the seller of those goods to repair the goods if they are defective.
• E) The purchaser has a claim against the manufacturer only if the goods purchased are defective.

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Definitions:

Regular Earnings

The standard amount of income received by an employee before any deductions or overtime.

Form 941

A quarterly federal tax form filed by employers to report income taxes, Social Security tax, or Medicare tax withheld from employees' paychecks, and to pay the employer's portion of Social Security or Medicare tax.

Employee Deductions

Amounts withheld from an employee's paycheck, often for taxes, insurance premiums, retirement contributions, and other benefits.

Form 941

A quarterly federal tax form filed by employers to report income taxes, Social Security tax, or Medicare tax withheld from employee's paychecks.