Joe Is Going on a "Survival Hike" in the Desert

question 50

Multiple Choice

Joe is going on a "survival hike" in the desert. He goes to a sporting goods store, describes the hike, and asks the salesman to select suitable hiking boots for him. The boots the salesman suggests are well made and are appropriate for normal hiking, but are not suitable for Joe's planned ordeal. Relying on the salesman's selection, Joe buys the boots. After he suffers personal injury because the boots prove inadequate for the survival hike, Joe sues the store. Joe can recover under:

• A) the implied warranty of merchantability.
• B) the implied warranty of fitness.
• C) both the implied warranty of fitness and the implied warranty of merchantability.
• D) Joe cannot sue fro breach because it was his responsibility to select the boots.

---

Definitions:

Twins

Biologically born individuals sharing the same womb simultaneously, often characterized by a close genetic and physical similarity.

Nominal Rate

The stated interest rate of a loan or investment, before adjusting for compounding or inflation.

Compounded Quarterly

Interest calculation method where interest is added to the principal sum at the end of every quarter, thus earning interest on interest.

Compounded Nominal

Refers to the calculation of interest added to the principal amount of a deposit or loan based on both the initial principal and the accumulated interest from previous periods.