Which of the Following Is True Regarding Types of Warranty

question 30

Multiple Choice

Which of the following is true regarding types of warranty liability?

• A) There is only one type of warranty in regard to instruments, transfer.
• B) There is only one type of warranty in regard to instruments, presentment.
• C) There is only one type of warranty in regard to instruments, acknowledged.
• D) There are three types of warranties in regard to instruments, transfer, presentment, and acknowledged.
• E) There are two types of warranties in regard to instruments, transfer and presentment.

---

Definitions:

Supply

The total amount of a specific good or service available for purchase at any given time.

Demand

The desire of purchasers to buy a certain good or service, combined with their ability and willingness to pay for it.

Price

The monetary value assigned to a product or service for purchase.

Good Bought

Refers to a product or service that has been purchased by a consumer or organization.