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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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Suppose the European Central Bank (ECB) decides to use monetary policy to offset the possible inflationary effects of European e
Grace [21]

Answer:

the European Central Bank (ECB) should engage in a contractionary monetary policy

Explanation:

A contractionary monetary policy takes place when a central bank (or the Fed) reduces the money supply in order to cool down the economy, lower inflation rate or like in this case, wants to offset expansionary fiscal policy.

The central bank initially raises the interest rates and starts selling more securities in order to absorb cash from the markets.

7 0
3 years ago
Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started i
Scorpion4ik [409]

Answer: $12000

Explanation:

The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:

= $200,000 × 6%

= $200,000 × 6/100

= $200,000 × 0.06

= $12,000

Therefore, the correct option is C.

5 0
3 years ago
A department is looking for an entry-level cashier. One of the job applicants is a cashier with 30 years of experience as a cash
emmainna [20.7K]

The reason why the manager wants the person with 6 months of experience is the fact that a person with 30 years of experience is overqualified for an entry level position.

<h3>What is an entry level position?</h3>

An entry level position is a job that is designated for the people that have just left school.

The kind of people that are fitted for such positions are those that have just graduated from the university.

The person with 30 years of experience does not fit into this category.

Read more on entry level here:

brainly.com/question/14689930

6 0
2 years ago
If an agent has, within the scope of the agency relationship, committed both negligent and intentional acts resulting in injury
eduard

Answer:

may be liable for both the negligent and intentional acts.

Explanation:

In the case when an agent is within the scope of agent relationship that committed both type of acts i.e. negligent and intentional that results the injury to the third party so here the principal may be liable for both the act i.e. negligent and intentional as it is followed by the doctrine of respodeat superior

Therefore the second option is correct

7 0
3 years ago
A schedule or curve that shows the various combinations of two products a consumer can purchase with a specific amount of money
RoseWind [281]

Answer:

budget line

Explanation:

A budget line is a graphical representation that shows all the possible combination of how two products that can be consumed at different prices with a given income. The budget line is downward sloping with the gradient of the slope reflecting the two prices.

A budget line assists in understanding consumer choices and behavior. A budget line may shift due to changes in the consumer's income. It shifts to the left when income decreases and shifts to the right when income increase.

6 0
3 years ago
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