Which of the Following Better Explains 'Warranty Conditions

question 16

Multiple Choice

Which of the following better explains 'Warranty Conditions'? 

• A) The specification of the period during which the supplier is liable for the reliability and adequate functioning of the delivered goods. 
• B) The specification of the period during which the supplier is liable for accidents incurred as a consequence of goods supplied which are sub-standard. 
• C) The specification of the period during which the supplier is liable for reimbursing the price paid to the purchase if the good supplied prove to be faulty. 
• D) The specification of the period during which the supplier is liable for the repair and maintenance of the delivered goods.

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Definitions:

Open Account Agreement

A financial arrangement between sellers and buyers allowing the buyer to pay the seller at a later date, commonly used in international trade.

Least Safe

Describing a condition or situation that poses the most significant risk of harm, injury, or danger to individuals or property.

Unfavorable Balance

Describes a situation where a country's imports exceed its exports, leading to a deficit in the balance of payments.

International Monetary Fund

An international organization established in 1944 to promote global monetary cooperation, secure financial stability, and facilitate international trade.