Which of the following statements could most likely create an express warranty?
A)This is the best car available in town.
B)This motorcycle will double in value in the next ten years.
C)These tires have 10,000 miles on them.
D)This antique is quite a bargain.
Question 2
Eastern Airlines contracted with Gulf Oil for a supply of jet fuel. An oil embargo resulted in a 400 percent increase in the price of oil. Gulf demanded a price increase from Eastern. Eastern sued to ensure its supply of oil at the contract price. The result in court was:
A) that Eastern won because Gulf should have foreseen this situation.
B) Gulf won due to commercial impracticability.
C) that Eastern lost because a 400 percent increase is too much of a hardship for Gulf.
D) none of the above would be the court's decision in this situation.
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Examples of Mission Statements
E9-23 Prepare income statements Explain the difference in operating income