What factors determine whether a sellers or lessors statement constitutes an express warranty or mere puffery?

Question:

What factors determine whether a seller’s or lessor’s statement constitutes an express warranty or mere puffery?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Today The Essentials

ISBN: 978-0324786156

9th Edition

Authors: Roger LeRoy Miller, Gaylord A. Jentz

See More Books

Question Posted: Oct 19, 2012 03:12 AM

See More Questions

What factors determine whether the annual ac-counting rate of return on a given project will be high or low in the early years of the investments life? In the latter years?
What factors determine whether a misstatement is considered pervasive?
What factors determine whether a particular economic issue can be adequately analyzed by using a partial rather than a general equilibrium approach?
To load and register a JDBC driver, two popular methods can be used: either using the Class.forName() method or creating a new instance of the Driver class.(True/False)
An n Ã n circulant matrix has the form in which the entries of each succeeding row are obtained by moving all the previous row's entries one slot to the right, the last entry moving to the...
For the Reddy Mikks model, construct each of the following constraints and express it with a linear left-hand side and a constant right-hand side: (a) The daily demand for interior paint exceeds that...
Explain the difference between physical and logical schemas.
Smiths Exteriors produces exterior siding for homes. The Preparation Department begins with wood, which is chopped into small bits. At the end of the process, an adhesive is added. Then the...
Exactly two years ago, the U.S. Treasury issued 10-year Treasury notes at par value with a coupon rate of 2.50%. The Face Value of one of these notes was $10,000. Today, you want to purchase that...
Your brother has just started a new job as the Controller of an IESBA restricted audit client. You do not serve on the audit engagement. What steps must you take to ensure your independence is not...
Assume that the defendant had actually conducted scientific studies, but the results were inconclusive. How might the judge have ruled in that situation? QT, Inc., heavily promoted the Q-Ray Ionized...
What implied warranties arise under the Uniform Commercial Code?
Consider Failures Galore, Inc. (Tables 23.10 and 23.11), discussed in this chapter. a. If total liquidation proceeds are $5.95 million, what is the distribution of these proceeds among the various...
You observe a stock price of $18.75. You expect a dividend growth rate of 5% and the most recent dividend paid was $1.50. What is the "implied" required return?
Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0 to 1,500 units, and monthly production...
ces During January, Luxury Cruise Lines incurs employee salaries of $3 million. Withholdings in January are $229,500 for the employee portion of FICA, and $667,500 for employee federal and state. The...
Burdeno Appliances has two divisions, Sales and Financing. Sales is responsible for selling Burdeno's inventory and maintaining inventory for future sale. Financing Division takes loan applications,...
INCOME STATEMENT ENDING 12/31/2018 BALANCE SHEET ENDING 12/31/2018 (in Net Sales: (in millions) millions) $462 Current Assets: $111 Cost of Goods Sold: $235 Fixed Assets: $195 Gross Profit: $227...
Test each of the two equality and four relational operators on the two values 7 and 7. For example, 7 == 7, 7 < 7, etc.
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cashflows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit...
Which of the following statements concerning reversing entries is true? a. Reversing entries are required by Generally Accepted Accounting Principles (GAAP). b. Reversing entries are most often used...
What does the result in this case suggest to parties in litigation who might be reluctant to respond truthfully to court requests?
Given the significant and often burdensome costs associated with electronic discovery, should courts consider cost shifting in every case involving electronic discovery? Why or why not?
Hearsay is literally what a witness says he or she heard another person say. What makes the admissibility of such evidence potentially unethical?
Draw the shear diagram for the beam. Set P = 600 lb, a = 5 ft, b = 7 ft. Draw the moment diagram for the beam.
Ahmed, Bassem and Jamal are partners in Tadamon Company who share profits and losses at a ratio of 2 : 2 : 4 respectively. On 1 / 1 / 2 0 2 2 , it was decided to liquidate the company, and the...
Draw the shear diagram for the beam. Follow the sign convention. Draw the moment diagram for the beam. Follow the sign convention.

What factors determine whether a sellers or lessors statement constitutes an express warranty or mere puffery?

Question:

Step by Step Answer:

An express warranty is a statement of fact Puffery is an ...View the full answer

Business Law Today The Essentials

Students also viewed these Business Law questions