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Alex_Xolod [135]
3 years ago
10

Under the Uniform Commercial Code (UCC), a warranty that arises when the seller is a merchant-dealer of the goods sold, that war

rants the goods sold are properly packaged and labeled, are of proper quality, and are reasonably fit for the ordinary purposes for which such goods are used, is known as the implied warranty of:
Business
1 answer:
Vesna [10]3 years ago
6 0

Answer:Implied Warranty of Merchantability

Explanation:An implied warranty for merchantability guarantees that a product will work as expected. If your oven can't maintain a stable temperature, it can't be relied upon to work properly and has violated the implied warranty of merchantability. Under the Uniform Commercial Code, adopted in some form in all states but Louisiana, this warranty applies to the goods of any merchant who regularly deals in the type of merchandise sold.

The warranty guarantees that the product sold will:

Pass without objection in the trade

Be of uniform quality and quantity

Be fit for its ordinary purposes

Be adequately packaged and labeled

Conform to its labels.

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Define the credit period
-BARSIC- [3]

Answer:

The credit period is the number of days that a customer is allowed to wait before paying an invoice

Explanation:

This indicates the amount of working capital that a business is willing to invest in its accounts to generate sales

8 0
3 years ago
Beth Caldwell is in the payroll accounting department of Acerill Films. An independent contractor of the company requests that S
horsena [70]

Answer: b. These would not be withheld by the company.

c. As an independent contractor they would be responsible for their own payments

Explanation:

Here is the complete question:

Beth Caldwell is in the payroll accounting department of Acerill Films. An independent contractor of the company requests that Social Security and Medicare taxes be withheld from future compensation. What advice should Beth offer?(You may select more than one answer).

a. The independent contractor should complete Form W-4 to authorize FICA tax withholding.

b. These would not be withheld by the company.

c. As an independent contractor they would be responsible for their own payments.

An independent contractor is someone that has his or her won personal business but still does work for other organizations or businesses. Is should be noted that independent contractors should not be considered to be part of the workers in the organization they work for.

Beth Caldwell should not take taxes out of the payments that will be paid to the person because he is responsible for his or her won payment and normally, they pay the self employment tax which is just like paying for social security and Medicare taxes.

8 0
3 years ago
A plan for a career starting in two years:
r-ruslan [8.4K]

Answer:a) Will give you less opportunities than a career starting right away

wrong

Explanation:

6 0
3 years ago
Price floors and ceiling prices both:
Murrr4er [49]

Answer:

The correct answer is letter "D": interfere with the rationing function of prices.

Explanation:

While talking about price floors and price ceiling, <em>the rationing function of prices</em> refers to the fact that both governmental measures are imposed to protect sellers and buyers from unfair practices driven by supply and demand. Thus, price floors protect producers from prices that could go below their production costs and price ceilings protect buyers from prices that could be set above their income.

The rationing function of prices can be also understood as the measures taken to discourage demand to keep resources to use them over a determined period.

3 0
3 years ago
Kenneth entered into a contract to sell his home to Valerie, who put down a $5,000 earnest money deposit. At the last minute, Va
densk [106]

An example of accepting liquidated damages is when valerie backed out of the deal and Kenneth kept the earnest deposit.

<h3>What is a liquidated damages?</h3>

A liquidated damages refers to a pre-estimated probable loss that would be suffered from the late completion of a contract.

In conclusion, the example of accepting liquidated damages is when valerie backed out of the deal and Kenneth kept the earnest deposit.

Read more about liquidated damages

<em>brainly.com/question/25697446</em>

8 0
3 years ago
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