A(n) ____________Warranty Is a Guarantee Suggested or Inferred from Known

question 33

Multiple Choice

A(n) ____________warranty is a guarantee suggested or inferred from known facts and circumstances.

• A) executed
• B) expressed
• C) implied
• D) contingent

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Definitions:

Illegal Activity

Actions or behaviors that are prohibited by law and subject to criminal penalties or civil liability.

Good Cause

A legally valid reason or justification for an action, often pertaining to decisions in employment or legal proceedings.

Sullivan V. Harnisch

A legal case that addressed issues related to securities fraud and broker-dealer standards of conduct, highlighting the aspects of financial regulation and the obligations of financial professionals towards their clients.

Court of Appeals

An appellate court that hears appeals from lower courts, reviewing their decisions to ensure the law was correctly applied and procedures were followed.