Derivative products:
a. are what remain after the platform product is built
b. include different models, brands, or versions of the platform product
c. are intended to fill performance gaps between platform products
d. a, b, and c
e. b and c
e
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The holder, or payee, of a dishonored note should transfer the total amount due, including interest income, from Notes Receivable to an individual account receivable for the debtor
Indicate whether the statement is true or false
It is customary for new car dealers to clean and check new cars prior to delivery to customers. Danver Chevrolet fails to do those checks before delivering a new car to a buyer. A check would have revealed that the exhaust was going into the passenger compartment. While driving, the buyer is overcome by carbon monoxide and crashes
a. if the buyer can demonstrate "actual reliance" on the seller's expertise, the dealer may be held liable for a breach of an implied warranty of merchantability b. the dealer may be liable to a buyer for damages under a breach of an implied warranty arising from trade usage c. the dealer may be liable to a buyer for damages for breach of an implied warranty arising from merchantability d. since the new car was under warranty, the seller has the right to cure the problem in a reasonable manner e. the dealer cannot be held liable; the problem is with the manufacturer