Statement Indicating the Liability of the Manufacturer for Product Deficiencies

question 1

Multiple Choice

statement indicating the liability of the manufacturer for product deficiencies is referred to as a(n) __________.

• A) warranty
• B) consumer bill of rights
• C) product liability statement
• D) manufacturer's disclaimer
• E) guarantee

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Definitions:

Assumed Name

An assumed name, also known as a trade name or "doing business as" (DBA), is a name a business uses that is different from its legal, registered name.

Device

A piece of equipment designed for a particular purpose, often electronic in nature.

Demand Instrument

A financial document that requires the payment of money immediately or on demand.

Time Of Payment

The specific period or date by which payment for goods or services received must be made.