Answer: merchantability
Explanation: In simple word, merchantibility refers to the characteristics of a product or service that makes it reasonably useful for the customer. It implies the features that a commodity has that is expected for a customer and for which such product has been manufactured and sold.
Any commodity that is merchantable possess some implied warranty due to the warranties offered for similar products in the market. Implied warranties refers to the terms of law that are presumed to be made by the seller to the producer while dealing.
In the given case, the warranties would not be disclaimed as only the medium of transaction is unusual, the commodity is same.
Answer:
It is important to screen your business idea because with screening it it can give you a wide variety of what's wrong with your idea and what you can do to solve it
Answer:
What is its NOWC?
500
Explanation:
NOWC=(CURRENT ASSETS-EXCESS CASH)-(CURRENT LIABILITIES-NOTES PAYABLE)
Answer:
A) FNMA is owned by the U.S. government.
Explanation:
Federal National Mortgage Association (FNMA) also commonly referred to as "Fannie Mae" is a government-sponsored enterprise (GSE) that provides services such as purchasing mortgages from lending institutions so as to expand the secondary mortgage market or effectively boost affordable lending activity at the lending institutions. It was founded as part of the "New deal" during the Great Depression in 1938.
All of the following statements regarding the Federal National Mortgage Association (FNMA) are true;
1. FNMA pass-through certificates are not guaranteed by the U.S. government.
2. Interest on FNMA certificates is taxable at all levels.
3. FNMA stock is publicly traded on the NYSE.
<em>However, it is false or incorrect to say that the FNMA is owned by the United States of America (USA) government.</em>
The Federal National Mortgage Association (FNMA) is only being sponsored by the U.S government under the umbrella of the Federal Housing Finance Agency (FHFA).
Primary data is when the data is gathered immediately after something happened but secondary data is gathered after a while it happened.
