Mountain Bikes, Inc

question 21

Multiple Choice

Mountain Bikes, Inc. (MBI) , and Nero enter into a contract for a sale of a mountain bike. MBI, a merchant who deals in goods of the kind sold, makes implied and express warranties in connection with the sale. The Magnuson-Moss Warranty Act attempts to prevent deception in warranties by

• A) displacing the UCC as the primary source of warranty rules.
• B) making warranties easier to understand.
• C) prohibiting disclaimers of warranties.
• D) requiring sellers to give written warranties for consumer goods.

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Definitions:

Market Prices

The current price at which an asset or service can be bought or sold in a marketplace.

HR Manager

A professional responsible for overseeing human resources functions, including recruitment, training, performance management, and ensuring compliance with employment laws.

Profit Sharing Plans

Compensation programs where employees receive a share of the company's profits, typically based on its financial performance.

Current Assessment Plan

A strategic blueprint designed to evaluate and improve current organizational processes and performance.