Which of the Following Is True Regarding Disclaimers of the Implied

question 76

Multiple Choice

Which of the following is true regarding disclaimers of the implied warranty of merchantability?

• A)By federal law,there is no requirement that the term "merchantability" be used in any disclaimer.
• B)Any attempt to disclaim the implied warranty of merchantability is per se unconscionable,but a court will enforce the disclaimer if the buyer is another merchant and is fully informed of the disclaimer.
• C)Under some situations,a disclaimer of the implied warranty of merchantability may be made within 10 days after a sale.
• D)A disclaimer of the implied warranty of merchantability may be done orally.
• E)Any attempt to disclaim the implied warranty of merchantability is per se unconscionable,and a court will refuse to enforce the disclaimer.

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Definitions:

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed, typically due to a return or refund.

Debit Delivery Expense

An accounting entry that increases the expense account related to the cost incurred for delivering goods or services.

Purchases Discounts

An allowance given by the seller to the buyer for early payment or for buying in bulk, reducing the amount owed.

Settlement

The act of resolving a financial or legal obligation, often involving a mutual agreement between parties or payment completion.