When a Seller Uses Descriptive Terms and the Buyer Takes

question 14

True/False

When a seller uses descriptive terms and the buyer takes them into consideration when making the purchase,the seller has expressly warranted that the goods she delivers will meet that description.

---

Definitions:

Social Welfare Objectives

Social welfare objectives are goals set by governments or organizations aimed at improving the well-being of the society through provisions such as healthcare, education, and housing.

Federal Funds

Overnight loans made between banks to meet reserve requirements, at an interest rate set by the Federal Reserve.

Political Speech

Expressions related to the government, politics, or public affairs, highly protected under the freedom of speech in many democratic societies.

First Amendment

an amendment to the U.S. Constitution that protects freedoms of speech, religion, press, assembly, and the right to petition the government.