What Was the Court's Ruling on Appeal in First State

question 82

Multiple Choice

What was the court's ruling on appeal in First State Bank & Trust Company of Shawnee v.Wholesale Enterprises Inc. ,the case in the text involving whether the implied warranty of title should be extended to subsequent purchasers?

• A)The court ruled that the implied warranty of title did extend to subsequent purchasers.
• B)The court ruled that the implied warranty of title did not extend to subsequent purchasers.
• C)The court ruled that the implied warranty of title extended only to subsequent purchasers who purchased within 12 months.
• D)The court ruled that the implied warranty of title extended only to the first three subsequent purchasers,but no further.
• E)The court ruled that the implied warranty of title extended only to subsequent purchasers who purchased within 4 years.

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Definitions:

Profit Centers

Sections or branches of a business that are responsible for generating revenue and are evaluated based on their profitability.

Cost Centers

Parts of an organization that do not directly produce revenue but incur costs, for which managers are responsible for controlling expenses.

Centralized Business Organization

A management structure where decision-making authority is concentrated at the top levels of the organization, with few people responsible for making decisions and setting policies.

Major Planning

Major planning involves the development of comprehensive strategies and objectives to guide an organization or project towards achieving its long-term goals.