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kondor19780726 [428]
4 years ago
14

HearIT, Inc., sells headphones and other listening devices. HearIT buys the goods from manufacturers and then resells them direc

tly to consumers. HearIT does not pay cash to the manufacturers, but instead buys the inventory on credit, giving a security interest to the manufacturer. HearIT sells Judy a pair of headphones that later are repossessed by the manufacturer when HearIT fails to pay the manufacturer. In this situation, HearIT most likely violated:____________
Business
1 answer:
miskamm [114]4 years ago
6 0

Answer:

A warranty of no liens

Explanation:

HearIT has violated the warranty of no liens

Warranty: This can be defined as the assurance usually given by the seller of the existence of a fact on which the buyer can rely. Giving warranty is the duty of the seller, so buyers can sue the sellers in case of any breach in the agreement. instance, we have express warranty, warranty of title, implied warranty.

1) Warranty of Title

a) No Liens: Sellers usually give assurance to the customers that they are selling goods free from debt.

As in the case of HearIT, he has violated this contract by selling goods to Judy that are later repossesed by the manufacturer because the goods were bought on credit and HearIT failed to pay the manufacturer.

b) Good Title:This is the assurance given by the seller that the goods are not stolen goods.

2) No Infringements: It us a warranty given by the sellers to the buyers that their commodities are free from all kinds of infringement like patent right, copyright.

Except where disclaimed, a seller warrants that the goods delivered are free from any copyright, trademark, or patent claims by a third party.

Except where disclaimed, sellers warrant that they have good and valid title to the goods being sold and that they have the power to rightfully transfer title to the buyer. In other words, the goods aren’t stolen.

Except disclaimed, sellers warrant that the goods they are selling are free of any liens -- that is, any encumbrance on the goods or other property to satisfy a debt or protect a claim for payment of a debt (e.g., a security interest on personal property or a mortgage on real property).

2) Express warranty

3) Implied warranty

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Answer:

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Explanation:

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3 years ago
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An increase in a firm's total asset turnover will:
balandron [24]

An increase in a firm's total asset turnover means that the company is more efficient at using its assets.

<h3>What is Asset turnover ratio?</h3>

Asset turnover ratio can be regarded as the ration that is found which describes  the value of a company's sales and value of its assets.

It help the company to analyze the efficiency of the company in deploying its assets.

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8 0
2 years ago
Corporation and limited liability (limited partnership) company taxed twice.
alekssr [168]

Option[A] is the correct answer.

Corporation and limited liability (limited partnership) company taxed twice.

Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.

<h3>What is Double Taxation?</h3>

When business profits are taxed both at the corporate and personal levels, C corporations are subject to double taxation. Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.

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8 0
1 year ago
You are a manager of a firm that manufactures conventional ovens. Over the past several years, sales of many of your products ha
vichka [17]

Answer:

Using the steps of the decision making process, I will start with identifying the decison, gather information, identify the alternatives, weigh in evidence, choose the one that is relevant, take action and review my decision.

Explanation:

Step 1: Identify the decision: The decision in this case is the strategy for correcting decline in the sales of conventional ovens or strategy for increasing the sales of conventional ovens.

Step 2: Gather relevant information: this step will involve a thorough research to find out why sales declined, our competitors strength, how to break even and increase sales.

Step 3: Identify the alternatives: I will draw a list of alternatives based on the research carried out that will increase our sales going forward.

Step 4: Weigh the evidence: At this stage, I will compare the options to check its viability.

Step 5: Choose among alternatives: this is the stage where we I will arrive at a decision on which option to use.

Step 6: Take action: At this stage, execution takes place.

Step 7: Review: This is the evaluation phase that gives room for checks to determine the pros and cons of the decision taken.

8 0
3 years ago
An ad agency creates two ads for a particular car. One stresses the car's safety and gas mileage; the other simply shows how fun
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The first ad relies on the Central route to persuasion; the second, on the Peripheral route .

<u>Explanation: </u>

Advertising is a payment of the messages sent by those who send them to notify or affect the recipients, as defined by the British Advertising Association.

The central route to convincing takes place when the substance of a message persuades a person. The peripheral way to persuade takes place when a person is convinced by something other than the content of the post.

The peripheral route often occurs if a listener is convinced that there are many points in a text— but there is no ability or incentive to care about each one individually. In other terms, secondary data such as the identity of the source (credibility) or many claims in a single message is shortcut.

3 0
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