Because the UCC's Warranty Requirements Create a Tough Standard, Sellers

question 135

Multiple Choice

Because the UCC's warranty requirements create a tough standard, sellers may wish to reduce their liability by issuing:

• A) limits of liability
• B) disclaimers
• C) disclosures
• D) denunciations
• E) revocations of liability

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Definitions:

Ethically

In a manner that follows accepted standards of moral behavior, often considered in the context of business practices.

Consequences

The results or effects that follow from specific actions or decisions.

Obligations

Duties or commitments that an individual or organization is bound to by law, contract, or moral responsibility.

Honesty

The quality of being truthful and transparent in actions, communications, and transactions.