Which Statement Is True Regarding Types of Warranty Liability

question 85

Multiple Choice

Which statement is true regarding types of warranty liability?

• A)There are two types of warranties in regard to instruments,transfer and presentment.
• B)There is only one type of warranty in regard to instruments,transfer.
• C)There is only one type of warranty in regard to instruments,presentment.
• D)There are three types of warranties in regard to instruments,transfer,presentment,and acknowledged.
• E)There is only one type of warranty in regard to instruments,acknowledged.

---

Definitions:

Vicarious Liability

A legal concept where one party is held responsible for the actions or negligence of another party, often seen in employer-employee relationships.

Tortious Conduct

Behavior that causes injury or harm to another, making the actor liable to civil legal action.

Reasonable Care

A legal standard that requires individuals to act with the caution and prudence that a reasonable person would use in similar circumstances, to prevent harm to others.

Liable

Being legally responsible or obligated to face the consequences of one's actions, typically in a civil lawsuit.