An Implied Warranty of Merchantability Does Not Arise in Every

question 27

True/False

An implied warranty of merchantability does not arise in every lease by a merchant who deals in goods of the kind leased.

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Definitions:

Psychological Egoism

The theory that suggests that all human actions are motivated by self-interest, even when appearing to be altruistic.

Ethical Egoism

A moral philosophy arguing that individuals should act in their own self-interest and that this is the foundation of morality.

Ought

expresses duty, correctness, or advisability, typically concerning moral obligation or desirable actions.

Sociological

Pertains to the study of social behavior, organization, and the structure of society.