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Alik [6]
2 years ago
8

List the elements of the implied warranty of merchantability and provide an example of a sale of goods that includes this warran

ty, and how it could be breached.
Business
1 answer:
maksim [4K]2 years ago
8 0

Answer:

Article 2 of the UCC code states that in order for goods to be merchantable (or fit for sale) they must:

  1. should correspond to the contract description, e.g. a cereal box should contain cereal
  2. must be of fair average quality, e.g. the cereal must be edible and be of a reasonable quality, like have a decent flavor
  3. must be fit to serve the purpose for which an average consumer might purchase them, e.g. you should be able to eat your cereal at breakfast, and it should not require hours or preparation
  4. the quality of all the units included in the package must be similar, although slight variations are permitted, e.g. cornflakes should be of similar size and quality
  5. are properly packaged and labeled, e.g. the package should not be broken and it should include relevant information
  6. fulfill any promise contained in its package or labels, e.g. if the box says it contains cereal with raisins, it must contain cereal with raisins

There are lots of ways in which an implied warranty of merchantability is breached, e.g. if the cereal is spoiled, the box is broken and the contents are falling, cornflakes are all crushed and lost consistency, etc.

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Answer:

Kim Inc.

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= $7,500.

Explanation:

a) Data and Calculations:

                                                     Old Equipment     New Equipment  

Purchase price                                 $262,500              $450,000

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Annual operating costs                     300,000                245,000

Total operating costs for 10 years 3,000,000             2,450,000

Salvage                                                 92,500             0

Total incremental cost                 $2,907,500           $2,900,000

b) The net advantage obtained by Kim for replacing the old equipment with the new equipment is $7,500 ($2,907,500 - $2,900,000).  Note that the purchase price of the old equipment with its accumulated depreciation are not relevant costs.  This case is worked out without taking into account the time value of money.  Assuming that the present value of the cash flows was computed, a different result and conclusion would be reached.

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3 years ago
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Employees may still receive a pay slip detailing the final payment amount calculations. A salary statement, also known as a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes or is attached to the paycheck.

Each country has laws governing what information must be included on a payslip .

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The persuasive strategies are logos, ethos and pathos. The peak effective persuasive communication usually has a mix of all three strategies. Logos uses logic or reason to reach a conclusion, while ethos depends upon the credibility of the author or speaker.

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Answer:

D

Explanation:

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