Sklar,an Accountant,purchased Two Computers from Wiz Corp

question 82

Multiple Choice

Sklar,an accountant,purchased two computers from Wiz Corp.Sklar discovered material defects in the computers 10 months after taking delivery.Three years after discovering the defects,Sklar commenced an action for breach of warranty against Wiz.Wiz raised the statute of limitations as a defense.The original contract between Wiz and Sklar contained a conspicuous clause providing that the statute of limitations for breach of warranty actions would be limited to 18 months.Under the circumstances,Sklar will:

• A)win because the action was commenced within the four-year period as measured from the date of delivery.
• B)win because the action was commenced within the four-year period as measured from the time he discovered the breach or should have discovered the breach.
• C)lose because the clause providing that the statute of limitations would be limited to 18 months is enforceable.
• D)lose because the statute of limitations is three years from the date of delivery with respect to written contracts.

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Definitions:

Probability Range

A statistical measure that quantifies the likelihood of various outcomes for an event, often expressed as a minimum and maximum value.

Returns

The profit or loss derived from an investment over a specific period, expressed as a percentage of the investment's initial cost.

Probability

A measure or estimation of how likely an event is to occur, often expressed as a fraction or percentage.

Small-Company Stocks

Stocks of companies with relatively small market capitalization, often characterized by higher volatility and potentially higher returns.