The Code Says That _____

question 6

Multiple Choice

The Code says that _____.

• A) even if a certain way of doing business is understood, it is necessary for the seller to state explicitly that he will abide by the custom
• B) unless modified or excluded implied warranties may arise from a course of dealing or usage of trade.
• C) other implied warranties may arise from a course of dealing, even if modified
• D) other implied warranties may arise from a course of dealing, even if it is excluded
• E) it only applies to a seller who occasionally deals in goods of the kind in question

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Definitions:

Influential Person

An individual who has the power to affect the opinions or actions of others due to their authority, knowledge, position, or relationships.

IRR

Internal Rate of Return, a financial metric used in capital budgeting to estimate the profitability of potential investments.

Average Annual Return

The arithmetic mean percentage of gain or loss on an investment per year over a given period.

Taxes and Fees

Compulsory charges imposed by government entities or regulatory bodies on business transactions, goods, and services.