BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -Implied warranties of merchantability applies only to merchants. Test: the merchandise need only be of reasonable quality [including adequate packaging and labeling] within expected variations and for the ordinary purposes for which they are used.
Detailed explanation-2: -Which of the following is true of a warranty of merchantability? Warranty of merchantability relates only to the fitness of the product made or sold.
Detailed explanation-3: -Which of the following is an INCORRECT statement regarding disclaimer of the implied warranty of merchantability? A seller cannot disclaim the implied warranty of merchantability.
Detailed explanation-4: -The implied warranty of merchantability means the goods are merchantable and conform to a reasonable buyer’s expectations. Most consumer products have an implied warranty of merchantability. This warranty makes the assumption that a good or product works for its intended purpose.