A Fiscal Year Is Always the Same as the Calendar

question 50

True/False

A fiscal year is always the same as the calendar year.

---

Definitions:

Excellent Mechanical Condition

Refers to a state where mechanical systems and components are functioning at their best with no need for repairs.

Merchantability

A warranty that goods sold will meet reasonable expectations of quality and functionality as implied in a sale.

Implied Warranty of Merchantability

A legal presumption that goods sold by a merchant are fit for the general purpose for which they are sold and meet the standards of quality and performance that are reasonable to expect.

Disclaimer

A statement that denies responsibility or affiliation with information, products, or services.