The Exclusion of Implied Warranties in General States That _____

question 23

Multiple Choice

The exclusion of implied warranties in general states that _____.

• A)the buyer who has neither examined,nor refused to examine the goods before entering into the contract,may not assert an implied warranty concerning defects an inspection would have revealed
• B)the Uniform Commercial Code does not permit the seller to disclaim,or modify the implied warranty of merchantability,as long as the statement actually mentions "merchantability"
• C)for an implied warranty or merchantability,the disclaimer need not be in writing
• D)for an implied warranty of fitness,the disclaimer need not be in writing
• E)the Uniform Commercial Code does not permit the seller to disclaim,or modify as implied warranty of fitness

---

Definitions:

Sales

The exchange of goods or services for money; also refers to the function or department within a business that handles this activity.

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its debt obligations based on its current income.

Operating Income

The profit realized from a business's operations, after deducting operating expenses like wages and cost of goods sold, but before interest and taxes.

Interest Expense

The cost incurred by an entity for borrowed funds, typically expressed as a yearly rate.