Determine if each statement is True or False a. Sam Seller gave Barney Buyer a limited warranty on his new lawn mower. If the lawn mower is defective then Sam is required to fix and replace it within a reasonable time at no cost to Barney.
b. Tender is where a buyer is made aware that goods are ready for pickup because they had been delivered.
c. Express warranties may only be given orally for them to be valid.
d. Sarah went to a self-service store and placed some light bulbs in her cart. When Sarah placed the light bulbs in her cart, the bulbs are identified goods.
e. Sarah went to a self-service store and placed some light bulbs in her cart. The majority of courts will find that title transferred from the store to Sarah when she placed the light bulbs in her cart.
f. Sam Seller must have privity of contract with Barney Buyer before Barney may sue Sam for breach of warranty.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.