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If a Seller Is a Merchant with Respect to Certain

question 72

True/False

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.


Definitions:

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.

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