Which type of warranty would require a business to secure cash overnight in a safe?

Which type of warranty would require a business to secure cash overnight in a safe?

• A. Express warranty
• B. Implied warranty
• C. Conditional warranty
• D. General warranty

Answer: (A)

The correct choice involves an express warranty, which is a specific and clear statement made by a seller regarding the condition or performance of a product or service. An express warranty generally outlines particular conditions that must be fulfilled for the warranty to be honored. In the context of the question, the requirement for a business to secure cash overnight in a safe represents a clearly defined obligation tied to the warranty. This specific condition must be met, thereby establishing it as an express warranty. In contrast, an implied warranty arises from the nature of the transaction and is automatically in place unless specifically disclaimed, covering basic expectations such as product quality and fitness for purpose. A conditional warranty would include stipulations that must be satisfied for the warranty to be valid but may affect other aspects beyond those expressly stated. A general warranty typically encompasses broader guarantees of quality and does not necessarily relate to particular requirements like securing cash. Thus, an express warranty is the most fitting option as it directly corresponds to a specific obligation (securing cash overnight) that sets clear parameters for compliance.

The correct choice involves an express warranty, which is a specific and clear statement made by a seller regarding the condition or performance of a product or service. An express warranty generally outlines particular conditions that must be fulfilled for the warranty to be honored. In the context of the question, the requirement for a business to secure cash overnight in a safe represents a clearly defined obligation tied to the warranty. This specific condition must be met, thereby establishing it as an express warranty.

In contrast, an implied warranty arises from the nature of the transaction and is automatically in place unless specifically disclaimed, covering basic expectations such as product quality and fitness for purpose. A conditional warranty would include stipulations that must be satisfied for the warranty to be valid but may affect other aspects beyond those expressly stated. A general warranty typically encompasses broader guarantees of quality and does not necessarily relate to particular requirements like securing cash.

Thus, an express warranty is the most fitting option as it directly corresponds to a specific obligation (securing cash overnight) that sets clear parameters for compliance.