The primary difference between a "warranty" and a "guarantee" is that
A) a warranty is in writing;whereas,a guarantee is only a verbal agreement.
B) a warranty is a legal agreement;whereas,a guarantee is a non-enforceable understanding between a buyer and seller.
C) a warranty lasts longer than a guarantee.
D) there is no difference between a warranty and a guarantee.
Correct Answer:
Verified
Q1: The Mail Order Merchandise Rule covers
A)all purchases
Q2: A warranty of merchantability means that
A)the buyer
Q3: According to Internet Fraud Watch,the most common
Q4: The statement,"This is the best buy in
Q5: Net replacement cost is equal to
A)actual market
Q7: An "as is" sticker on a car
Q8: Written warranties are regulated by Congress under
Q9: A financial intermediary that functions as an
Q10: A warranty of merchantability promises that
A)the good
Q11: Which of the following statements is false?
A)An
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