In an Effort to Reduce the Uneasiness of Buyers, Sellers

question 12

Multiple Choice

In an effort to reduce the uneasiness of buyers, sellers often send out mailings to assure buyers that the buyers did indeed make a wise purchase. These statements, subsequent to the sale, also can be regarded as:

• A) implied warranties.
• B) wagering agreements.
• C) express warranties.
• D) indemnities.

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Definitions:

Legislative Enactments

Laws and statutes passed by a legislative body.

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Honour

A quality that combines respect, being esteemed, and a sense of ethical conduct.

Bill of Exchange

A written, unconditional order by one party directing another party to pay a specified sum of money to a third party on demand or at a future date.