Which of the Following Types of Warranties Arises by Operation

question 45

Multiple Choice

Which of the following types of warranties arises by operation of law under certain circumstances?

• A)Express
• B)Implied
• C)Due-on-sale
• D)Express,implied,and due-on-sale
• E)Express and implied,but not due-on-sale

---

Definitions:

Sample Proportion

The fraction of the sample that represents a particular outcome or characteristic.

Confidence Interval

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Sample Variance

A measure of the dispersion or spread of data points in a sample, calculated by taking the average of the squared differences from the mean.

Central Limit Theorem

A statistical theory stating that the distribution of sample means will approximate a normal distribution as the sample size becomes large, regardless of the population's distribution.