In Determining Whether Warranty Disclaimers Are Unreasonable, the Court Attempts

question 69

Short Answer

In determining whether warranty disclaimers are unreasonable, the court attempts to evaluate if the contract was made between two ____________________ or between an expert and a novice.

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Definitions:

Net Profit Margin Percentage

A financial metric expressing the percentage of revenue remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.

Gross Margin

The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core activity.

Net Operating Income

The profit generated from a company's operational activities, excluding taxes and interest.

Return on Total Assets

Return on Total Assets (ROTA) is a financial ratio that measures a company's profitability relative to its total assets.