A Disclaimer of the Implied Warranty of Merchantability Can Be

question 56

True/False

A disclaimer of the implied warranty of merchantability can be oral.

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Definitions:

Employment

The condition in which an individual who is capable of working is engaged in a paid job.

Small Country Assumption

An economic model assumption that a country's market size is small enough that its actions do not affect world prices or incomes.

International Trade

The exchange of goods and services between countries, which can involve both importing and exporting.

Imported Good

A product or service that is brought into one country from another for the purpose of being sold or used, reflecting trade relationships and economic dependencies between nations.