Which of the Following Would Be a Breach of the Implied

question 36

Multiple Choice

Which of the following would be a breach of the implied warranty of merchantability?

• A)a knife that cuts its user when slicing a bagel
• B)a radio that does not pick up FM signals
• C)a match that burns a spot in the carpet when accidentally dropped
• D)a dress watch that does not keep accurate time after getting wet

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Definitions:

Foreign-Currency Exchange

The process of converting one currency into another currency, facilitating international trade and investment.

Exchange Rate

The exchange rate is the value of one currency for the purpose of conversion to another. It expresses how much of one currency is needed to buy a unit of another currency.

Loanable Funds

The money available for borrowing in the financial markets, determined by the savings of households and income not used for consumption or taxes by businesses and governments.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.