Which of the following statements is true of implied warranty of merchantability?
A) It states that the product being sold is the safest one that can be produced with the scientific knowledge available.
B) To meet the standard of merchantability, the product must be adequately contained, packaged, and labeled as the agreement may require.
C) This warranty is made even if the seller does not regularly sell that type of good.
D) The Uniform Commercial Code considers contracts related to consumer goods that limit damages for injuries to a person as valid.
B
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Assigning a senior employee to teach a junior employee about how the organization works with the idea of developing the junior employee is an example of
a. succession management. b. coaching. c. mentoring. d. development.
Each closed real estate transaction requires a report to be filed with the IRS on form 1099. Required information includes the seller's name, social security number and:
a. buyers name and social security number b. the selling price of the property c. the name of the mortgage lender d. the legal description of the property