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4 years ago

If a seller includes an express warranty in the written sales contract, any disclaimer is invalid.a. Trueb. False

Business

1 answer:

valina [46]4 years ago

3 0

Answer:

True

Explanation:

A disclaimer is a statement seeking to define the limits of a party's rights or obligation concerning a legally binding agreement. In a warranty disclaimer, the seller will include a statement that explains conditions or situations in which the warranty will not apply. The seller discharges themselves from any liabilities that the buyer may incur should an incident detailed in the warranty disclaimer arises.

Disclaimer warrants are allowed and legal. No law demands that the seller offer any form of warranty. However, a disclaimer warrant cannot be issued where an implied contract applies. For example, if you buy a fridge, you expect it to keep food items cold. A disclaimer statement in the sale of the fridge stating that the seller will be not responsible if the refrigerator cannot keep things at low temperatures is illegal.

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4 years ago

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Several years ago, Nicole Company issued bonds with a face value of $1,000,000 for $945,000. As a result of declining interest r

sergiy2304 [10]

Answer:

Record the retirement of bonds using discount account:

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It is given that the presumptive worth of bonds is $1,000,000 and the present book estimation of bonds is $984,000. They will be recovered at 5% premium. It adds up to $50,000 ($1,000,000 x 5%). On the date of reimbursement, the bond guarantor needs to pay ($1,000,000 + $50,000 + $16,000 ($1,000,000 - $984,000)) to the investor. The overabundance measure of $66,000 ($50,000 + $16,000) paid ought to be perceived as misfortune on bond call.

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3 years ago

HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

LenaWriter [7]

It's absolutely True !!

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nikitadnepr [17]

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2 years ago