Mountain Bikes, Inc

question 21

Multiple Choice

Mountain Bikes, Inc. (MBI) , and Nero enter into a contract for a sale of a mountain bike. MBI, a merchant who deals in goods of the kind sold, makes implied and express warranties in connection with the sale. The Magnuson-Moss Warranty Act attempts to prevent deception in warranties by

• A) displacing the UCC as the primary source of warranty rules.
• B) making warranties easier to understand.
• C) prohibiting disclaimers of warranties.
• D) requiring sellers to give written warranties for consumer goods.

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Definitions:

Decision Making

The cognitive process of selecting a course of action among multiple alternatives, often resulting in a final choice or judgment.

Bounded Rationality

A concept suggesting that decision-making is limited by the information available, cognitive limitations of minds, and finite time to make decisions.

Product Development

The entire process of bringing a new product or service to the market.

Debug

The process of identifying, analyzing, and removing errors or bugs from computer software or hardware.