A warranty of merchantability means that the buyer has a right to expect that the good performs as expected

Indicate whether the statement is true or false

TRUE

Business

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In which of the following forms of countertrade do buyers and sellers directly exchange goods, with no money and no third party is involved?

A) buyback arrangements B) offsets C) barter D) sealed bids E) compensation deals

Business

Which of the following definitions describes an accommodation party of a bill or a note?

A. a person who receives an endorsed bill or note from an endorser B. a person who endorses a bill or note as a guarantor of an endorsee C. a person who signs a bill or note as a surety and comaker D. a person who signs a bill or note to lend his or her credit to another party

Business