Which of the Following Is True of the Display of Warranty

question 45

Multiple Choice

Which of the following is true of the display of warranty disclaimers?

• A) It can be implied as an understanding between the buyer and seller.
• B) It should be conspicuous and noticeable.
• C) It need only be present in the contract.
• D) It must be published in the local newspaper before actually being displayed.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level, at a given time.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price during a specified time period.

Price

The price expected, requisite, or delivered in remuneration for an object or service.

Market Price

The contemporary valuation at which a commodity or service can be acquired or disposed of in a commercial environment.