Amir Bought a Television Set from Corbel Electronics for $250

question 10

Multiple Choice

Amir bought a television set from Corbel Electronics for $250. Corbel Electronics delivered a warranty of six years for any manufacturing defect in the product. After three years of use, the television set caught fire because of a manufacturing defect. The fire also damaged other goods in Amir's house. Which of the following statements is most accurate regarding this scenario?

• A) Amir cannot recover damages for personal injuries under the warranty from Corbel Electronics.
• B) Amir cannot recover damages for loss in value of the television set.
• C) Amir can claim consequential damages for a breach of warranty resulting in injury to the property.
• D) Amir's right to recover damages is barred by the Uniform Commercial Code's statute of limitations.

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Definitions:

Cost Variances

Cost variances refer to the difference between the expected (budgeted) costs and the actual costs incurred during a specific period.

Management

The process of planning, organizing, leading, and controlling resources to achieve specific goals.

Exception

A deviation from the norm or a case that does not follow the general rule.

Standard Costs

Predetermined costs assigned to goods and services, used as benchmarks to measure performance by comparing them with actual costs.