Language That Attempts to Dismiss an Express Warranty Is ____

question 164

Multiple Choice

Language that attempts to dismiss an express warranty is ____ when the disclaimer is inconsistent with the warranty.

• A) effective
• B) effective in some states, but not others
• C) not effective
• D) allowed under certain circumstances
• E) illegal and immoral

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Definitions:

Full Employment GDP

The output level (Gross Domestic Product) achieved by an economy when all available resources are employed, but not beyond sustainable capacity.

Recessionary Gap

A situation where real GDP is less than potential GDP, indicating underutilized economic resources.

Social Security Surplus

The excess funds collected through Social Security taxes over the amounts paid out as benefits.

Billion

A numerical value equivalent to 1,000 million, often used to denote a very large quantity or amount in financial and statistical contexts.