Which of the Following Is False Regarding Express Warranties

question 22

Multiple Choice

Which of the following is false regarding express warranties?

• A)They may not arise from a salesperson's oral promise.
• B)They may be part of a written sales or lease contract.
• C)They may be part of a brochure.
• D)A model may provide an express warranty.
• E)A sample may provide an express warranty.

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Definitions:

Money Supply

The overall financial resources quantity in an economy at a specified time.

Interest Rate

The percentage of a sum of money charged by a lender to a borrower for the use of money, typically expressed as an annual percentage.

Quantity of Money Demanded

The total amount of money that households and businesses in an economy want to hold at a given time, based on interest rates and economic activity.

Money Supply

The bulk sum of assets in monetary form within an economy at a particular moment.