A[n] _____ Is Any Description of the Good's Physical Nature

question 65

Multiple Choice

A[n] _____ is any description of the good's physical nature or its use,either in general or specific circumstances,that becomes part of the contract.

• A) Express warranty
• B) Implied warranty
• C) Acknowledged warranty
• D) Claimed warranty
• E) Consequential warranty

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Definitions:

Income

The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as a profit from financial investments.

Marginal Tax Rate

The rate of tax applied to your income for each additional dollar of income, representing the percentage of tax applied to your last dollar of income.

Federal Income Tax

The tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Payroll Taxes

Charges assessed on employers or their employees, typically based on a percentage of the compensation paid to workers.