Dependable Appliances,Inc

question 42

Multiple Choice

Dependable Appliances,Inc.,and Elaine enter into a contract for a sale of kitchen appliances. Dependable,a merchant who deals in goods of the kind sold,notes that its goods come with an implied warranty of merchantability. Under the UCC,this means that the goods are reasonably

• A)fit for the buyer's particular purpose.
• B)fit for the ordinary purpose for which such goods are used.
• C)suitable for resale at an acceptable price.
• D)the best quality that money can buy.

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Definitions:

Economic Contraction

A slowdown of the economy characterized by a decline in spending and during which businesses cut back on production and lay off workers.

Decline

A decrease or reduction in value, quality, or quantity over a certain period of time.