Which of the Following Is an Express or Implied Promise

question 59

Multiple Choice

Which of the following is an express or implied promise about the nature of the product sold?

• A)Warranty
• B)Caveat
• C)Advertisement
• D)License

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Definitions:

Medicare

A federal health insurance program in the United States primarily for people aged 65 and older, along with certain younger people with disabilities.

Excise Taxes

Taxes paid when purchases are made on a specific good, such as gasoline or tobacco, often included in the price of the product.

Tax Burden

The measure of the total amount of taxes that individuals, businesses, or other entities must pay.

Medicaid

Medicaid is a government-funded program in the United States that provides health care services to low-income individuals and families.