Dependable Appliances,Inc

question 26

Multiple Choice

Dependable Appliances,Inc.,and Elain 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:

Negotiation

The process in which two or more parties discuss an issue with the aim of reaching a mutually acceptable agreement.

Breach

A violation or infringement of a legal obligation, contract, or duty.

Transfer

The process of transferring something from one individual, location, or scenario to another.

Indorsement

An endorsement, especially regarding financial documents, illustrating the process of signing the back of a negotiable instrument to transfer its ownership.