An Implied Warranty Arises Automatically from the Fact a Sale

question 6

True/False

An implied warranty arises automatically from the fact a sale has been made.

---

Definitions:

Studying Economics

The act of learning about how societies use scarce resources to produce valuable commodities and distribute them among different people.

Studying Accounting

The process of learning about the systematic recording, reporting, and analysis of financial transactions of a business.

Tutoring

The act of providing one-on-one academic instruction to enhance a student's understanding of a specific subject.

Total Profit

The total income of a business after all expenses and costs have been subtracted from total revenue.