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SCORPION-xisa [38]
4 years ago
11

Oceanic Vessels, Inc., and Pacific Harbor Company enter into a contract for a sale of a barge. Oceanic is a merchant who deals i

n goods of the kind sold. The goods are defective. Under the UCC, the implied warranty of merchantability is breached
Business
2 answers:
Anton [14]4 years ago
5 0

Answer:

Regardless of what Oceanic knew or could have discovered

Explanation:

An implied warranty for merchantability guarantees that a product will work as expected. if your oven won't maintain a stable temperature, it can't be relied upon to work properly and has violated the implied warranty of merchantability.

The warranty of merchantability is based off the idea that the seller is in a better state to know whether a product will perform properly. it encourages merchants to ensure the quality of their products before placing them on market.

svet-max [94.6K]4 years ago
5 0

Answer:

Irrespective of what oceanic could have discovered or knew

Explanation:

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Monopoly power runs counter to the public interest because it leads to high prices, resource misallocation, and inefficiency. An
Stells [14]

Answer:

C. The Robinson–Patman Act of 1936

Explanation:

The Robinson-Patman Act of 1936 is an amendment to The Clayton Act of 1914, which particularly prohibits price discrimination. Price Discrimination is an act in which distributors or sellers of certain goods, give discounts to people who they seem to benefit more from while smaller shops buy the goods at a costlier price.

The instance where the major tire manufacturer has an agreement to make a price discount with the manufacturer of truck tires is an example of price discrimination, and the consequence is that other markets are affected as they now exit the market. This is a clear contravention of the Robinson-Patman Act of 1936.

6 0
3 years ago
On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has
swat32

Answer:

debit to treasury stock for $90,000

Explanation:

Vermont corporation

Purchased × Shares of treasury stock per share

Purchased 3,750

Shares of treasury stock for $24 per share

Hence:

Purchased 3,750 × shares of treasury stock for $24 per share

=$90,000

Therefore journal entry to record the purchase of the treasury shares on february 1 would include a debit to treasury stock for $90,000

4 0
3 years ago
Six Sigma Projects are easy to identify. They seek out sources of waste such as overtime and warranty claims; investigate produc
sladkih [1.3K]

Answer: True

Explanation:

Six Sigma projects have eight essential phases which are to; 1. recognize

2. define

3. measure

4. analyze

5. improve

6. control

7. standardize and

8. integrate.

It is a method whose primary objective is improving profit making by improving quality and efficiency standards. Project teams utilising this method want to reduce variability in processes by actively seeking out potential sources of waste especially in overtime and warranty claims.

They also investigate production backlogs or areas in need of more capacity and focus on customer and environmental issues.

7 0
3 years ago
Caro has $10,000 to invest. Her best friend, Imelda, happens to be a stockbroker. Imelda tells Caro that her investments should
Dafna1 [17]

Answer:

1. b. $3,400 in a mutual fund, $3,300 in bonds, and $3,300 in a land purchase

This is the most diversified because it involves equal or almost equal amounts put into separate instruments which means that a loss will be less likely to affect this portfolio because a loss affecting one instrument might not affect the rest

2. a. $10,000 in a mutual fund

This is the second most classified because Mutual funds invest in a variety of instruments so investing in Mutual funds is akin to investing in a variety of instruments.

3. c. $5,000 in one stock and $5,000 in another stock

This is the third most diversified because even though it involves investing in separate stocks, stock still generally move together in terms of performance so if one stock suffers a loss, there is a high chance the other will too.

4. d. $10,000 in one stock

This is not diversified at all because all the funds are on one instrument.

5 0
3 years ago
Which of the following LEAST affects the location of an industry
Ivan
I’m confused what else goes with this question
6 0
3 years ago
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