It Is Necessary to the Creation of an Express Warranty

question 10

True/False

It is necessary to the creation of an express warranty that the seller use formal words such as "warrant" or "guarantee."

Identify the process and significance of obtaining a professional license.

Acknowledge the role of professional communication among healthcare workers in personal and professional development.

Understand the roles of a medical assistant within the healthcare system, especially in patient advocacy.

Recognize the importance of documentation in professional development, such as resumes.

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Definitions:

Daily Compounding

The process where the interest on an investment is calculated daily and added to the principal, so that each subsequent calculation of interest includes interest previously earned.

Bank Account

A financial account maintained by a banking institution in which the financial transactions between a customer and the bank are recorded.

Withdraw

The act of removing funds from an account, decreasing investment in a particular asset, or retracting participation from an agreement or membership.

Nominal Annual Rate

The interest rate stated on a loan or investment agreement, not adjusting for inflation or the compounding of interest.