Which of the Following Is Needed in Order for the Implied

question 37

Multiple Choice

Which of the following is needed in order for the implied warranty of merchantability to be applied?

• A) Both parties must be merchants and a sale, not a lease, must be involved.
• B) Both parties must be merchants, and either a sale or lease must be involved.
• C) The seller must be a merchant and a sale, not a lease, must be involved.
• D) The seller must be a merchant, and either a sale or lease must be involved.
• E) The seller must be a merchant, goods valued at over $500 must be involved, and either a sale or lease must be involved.

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Definitions:

Secretary’s Instruction

Guidelines or directives given by a secretary, often related to administrative tasks or office procedures.

Sales Proposition

A statement designed to persuade a customer to buy, highlighting the value and benefits of a product or service.

Marketing Event

A planned occasion or activity, such as a conference, seminar, or promotional event, aimed at enhancing brand visibility, engaging customers, and driving sales.

Product Launch

The introduction of a new product to the market, encompassing activities from development and manufacturing to marketing and sales.