Fact Pattern 15-1

question 14

Multiple Choice

Fact Pattern 15-1
Bret, a representative of Concrete Products, Inc. assures Dependable Construction Company (DCC) that Concrete’s cement will not crack within a certain range of temperatures. DCC uses the product. When cracks develop within the stated temperature range, DCC files a suit against Concrete.
-Refer to Fact Pattern 15-1.Suppose that the court rules against Concrete.The manufacturer might have avoided that result by

• A)making its cement fit for its particular purpose.
• B)making its cement merchantable for its intended use.
• C)not allowing Bret to express an opinion.
• D)not permitting Bret to make an express warranty.

---

Definitions:

Comparative Advantage

The capacity of an entity, whether a single person, a corporation, or a nation, to create a product or offer a service more cost-effectively in terms of foregone opportunities than its competitors.

Low Opportunity Cost

A situation where the cost of foregoing the next best alternative is relatively minimal when choosing one option over another.

Computer Software

Programs and operating information used by a computer to perform specific tasks.

Law Of Comparative Advantage

is an economic principle that states countries (or entities) gain when they produce goods and services for which they have a lower opportunity cost, leading to more efficient global production.