An Implied Warranty or Merchantability and an Implied Warranty of Fitness

question 62

True/False

An implied warranty or merchantability and an implied warranty of fitness for a particular purpose cannot exist in a single transaction.

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Definitions:

Billable Hour

A measure representing an hour of work that can be charged to a client, commonly used in legal, consulting, and professional services.

Value Chain

A model that describes the full range of activities needed to create a product or service, from conception to delivery and beyond.

Human Resource

The department within an organization that deals with the recruitment, management, and direction of people who work in the organization.

Service Shop

A business that provides specialized professional or technical services, often involving repair or maintenance.