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If a seller is a merchant with respect to certain goods, there is an implied warranty that the quality of the goods must pass without objection in the trade.
Business Trust
A legal arrangement where assets are managed by trustees for the benefit of the trust's beneficiaries, often used in business for tax and estate planning.
Assets
Resources owned or controlled by a business, individual, or entity which have value and can be used to meet debts, commitments, or legacies.
Profits
The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Misconduct
Improper or unethical behavior, often violating the rules or norms of a professional environment.
Q3: In a destination contract, title passes to
Q5: Where there has been a breach of
Q22: To be valid, a security agreement must
Q26: A(n) _ is a signature and other
Q30: Express warranties must contain the word "express"
Q35: If the parties to a sales contract
Q51: When the drawee bank receives a properly
Q54: The payer bank cannot charge the customer's
Q67: In a draft transaction, the payee is
Q76: The bank where the payee or holder