Moon, a farmer, needs to install a two thousand-pound piece of equipment in his barn. This will require lifting the equipment thirty feet up into a hayloft. Moon goes to Davidson Hardware and tells Davidson that he needs some heavy duty rope to be used on his farm. Davidson recommends a one-inch-thick nylon rope, and Moon purchases two hundred feet of it. Moon ties the rope around the piece of equipment, puts the rope through a pulley, and with a tractor, lifts the equipment off the ground. The rope suddenly breaks and the equipment crashes to the ground where it is severely damaged. Moon files a suit against Davidson for breach of the implied warranty of fitness for a particular purpose.

1. What law has many rules governing warranties of goods?a. Uniform Transactions Codeb. Uniform Sales Codec. Uniform Commercial Coded. Uniform Goods Code2. Where do we find a statute that makes these warranties less subject to deception and more understandable?a. state lawb. federal law

Alamar petroleum company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by alamar. the company also pays 80% of medical and life insurance premiums. deductions relating to these plans and other payroll information for the first biweekly payroll period of february are listed as follows: wages and salaries $ 2,800,000 employee contribution to voluntary retirement plan 92,000 medical insurance premiums 50,000 life insurance premiums 9,800 federal income taxes to be withheld 480,000 local income taxes to be withheld 61,000 payroll taxes: federal unemployment tax rate 0.60 % state unemployment tax rate (after futa deduction) 5.40 % social security tax rate 6.20 % medicare tax rate 1.45 % required: prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. assume that no employee's cumulative wages exceed the relevant wage bases for social security, and that all employees' cumulative wages do exceed the relevant unemployment wage bases.