1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lapo4ka [179]
3 years ago
5

Mark goes to Tony's Lumber Yard to buy some lumber to build a new roof for his cabin. Mark tells Tony, the lumber yard owner, to

provide him an exact type of wood that can resist the wood decay caused due to the damp environment around the cabin. Mark buys the lumber after Tony assures him that the wood is exactly what Mark is looking for. But the dampness affects the wood and it caves in. What warranty has Tony explicitly breached by not providing Mark the lumber he needed?
Business
1 answer:
musickatia [10]3 years ago
5 0

Answer: Tony has explicitly breached the Implied Warranty of Fitness for a particular purpose.

Explanation: the Implied warranty of fitness for a particular purpose takes effect when a buyer specifically asks a seller for a product that can be used for a particular purpose.

Because Mark (buyer) requested for the exact type of wood that can resist wood decay caused due to the damp environment of his cabin and Tony (seller) sells Mark lumber while assuring him that it's what he is looking for. Tony's assurance to Mark is known as the Implied warranty of fitness for a particular purpose, and since the wood is affected by dampness and caves then Tony has explicitly breached the warranty.

You might be interested in
Several years ago, Castles in the Sand Inc. issued bonds at face value of $1,000 at a yield to maturity of 8%. Now, with 7 years
maxonik [38]

Answer:

$814.10

Explanation:

Calculation to determine what the price of the bond now

Using this formula

Bond price = PV of coupon payments + PV of face value

Bond price= C×((1 / r) – {1 / [r(1 + r)t]}) + FV / (1 + r)t

Let plug in the formula

Bond price= [(.080 ×$1,000) / 2] ×[[1 / (.12 / 2)] – (1 / {(.12 / 2)[1 + (.12 / 2)](7 ×2)})] + $1,000 / [1 + (.12 / 2)](7 ×2)

Bond price= $814.10

Therefore the price of the bond now is $814.10

3 0
3 years ago
Suppose that when the price of gasoline is $3 per gallon, the total amount of gasoline purchased in the united states is 8 milli
mina [271]

Assuming  the total amount of gasoline purchased is 12 million barrels per day. The percentage change in the quantity demanded is: 50%.

<h3>Percentage change in the quantity demanded</h3>

Using this formula

Percentage change in quantity demanded= (Total amount of gasoline purchased- total amount of gasoline purchased in united states)/ Total amount of gasoline purchased in united states×100

Let plug in the formula

Percentage change in quantity demanded=(12 - 8) / 8

Percentage change in quantity demanded =4/8×100

Percentage change in quantity demanded=50%

Inconclusion  the percentage change in the quantity demanded is: 50%.

Learn more about  percentage change in the quantity demanded here:brainly.com/question/25364127

5 0
2 years ago
Generally, an income amount that relates to a future period and therefore can be set aside and included in income for that perio
Ket [755]
The term that is referred by the description above is RESERVES. The reserve is the amount that is being kept for future periods. This amount is separated to the current period's income, but is part of the next period if this is applicable. The answer is D.
6 0
3 years ago
On October 1, 20X1, Paige Turner Publishing received $55,200 in cash for monthly subscriptions covering one year, recording the
Ket [755]

Answer:

c. Debit Unearned Subscriptions $13,800; credit Subscriptions Income $13,800

Explanation:

Based on the information given the correct appropiate adjusting entry at December 31, 20X1, is to Debit Unearned Subscriptions $13,800 and Credit Subscriptions Income $13,800

December 31, 20X1

Debit Unearned Subscriptions $13,800

Credit Subscriptions Income $13,800

(3/12*$55,200=$13,800)

(October 1 to December 31 will gives us 3month)

6 0
3 years ago
a business must not only look at its direct competitors, but also must contend with those firms that offer a product that a cons
MAVERICK [17]

A business must not only look at its direct competitors, but also must contend with those firms that offer a product that a consumer might alternatively choose. Porter refers to this as the force of substitutes in the market.

<h3>What factors affect the market?</h3>

Supply and demand in an economy are regulated by government action as well as other causes such as social, demographic, cultural, economic, technical, political, and legal pressures. The supply of a product may be affected by the weather.

<h3>Why does the market operate the way it does?</h3>

The free-market system is driven by self-interest. For their own financial advantage, people manufacture commodities and services. The struggle for consumers' dollars is what is known as competition among producers.

To know more about factors market visit:

brainly.com/question/12183766

#SPJ4

4 0
9 months ago
Other questions:
  • At current growth rates which country will probably be the most populous in the world after 2050
    6·1 answer
  • The bretton woods agreement incorporated all of these features except ________.
    14·1 answer
  • Druganaut company buys a $21,000 van on credit. the transaction will affect the
    6·1 answer
  • The teenage market is a market that is categorized in what way?
    10·1 answer
  • It is easier to cut with a sharp knife then what a blunt one​
    5·2 answers
  • A point outside (to the right of) the production possibilities curve of a nation implies that this nation is using its resources
    6·1 answer
  • Sweet night :) sleep tight​
    12·1 answer
  • Kamiar owed Rubio $5,000, which was due in one year. There was no dispute that a debt existed and no dispute over the amount. Ho
    13·1 answer
  • Help me please.. there is no option on here for human resources principals, so i jus clicked business as the subject..
    8·1 answer
  • lisa is an hr manager who has been assigned the task of establishing pay rates to ensure external equity. what should lisa most
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!