Exam 18: Product Liability Law
Exam 1: Foundations of Law and the Role of Ethics in Business50 Questions
Exam 2: The Legal System in the United States and Its Constitutional Foundation50 Questions
Exam 3: Personal, Business, and Cyber Crimes and the American Criminal Justice System49 Questions
Exam 4: Tort Law: Traditional Torts and Cyber Torts50 Questions
Exam 5: Litigation and Alternatives for Settling Civil Disputes50 Questions
Exam 6: Contract Law: a Beginning49 Questions
Exam 7: Agreement: Offer and Acceptance50 Questions
Exam 8: Consideration50 Questions
Exam 9: Capacity50 Questions
Exam 10: Legality50 Questions
Exam 11: Memorialize Contracts in Writingstatute of Frauds50 Questions
Exam 12: Transfer of Contract Rights and Duties50 Questions
Exam 13: The Termination of Contracts: Discharge50 Questions
Exam 14: The Termination of Contracts: Breach of Contract50 Questions
Exam 15: Formation of Sales and Lease Contracts50 Questions
Exam 16: The Sales Contract: Transfer of Title and Risk of Loss49 Questions
Exam 17: The Sales Contract: Performance, Breach, and Remedies for Breach50 Questions
Exam 18: Product Liability Law50 Questions
Exam 19: Nature and Types of Negotiable Instruments50 Questions
Exam 20: Issue, Transfer, Indorsement, and Discharge of Negotiable Instruments50 Questions
Exam 21: Rights and Duties of Parties50 Questions
Exam 22: Checks and the Banking System in the Twenty-First Century50 Questions
Exam 23: Employer-Employee Relationship50 Questions
Exam 24: Principal-Agent Relationship50 Questions
Exam 25: Principal-Agent, Employer-Employee, and Third-Party Relationships50 Questions
Exam 26: Sole Proprietorships, Partnerships, and Limited Liability Organizations50 Questions
Exam 27: Corporations and Franchising50 Questions
Exam 28: Government Regulation of Business50 Questions
Exam 29: Basic Legal Concepts of Property50 Questions
Exam 30: Renting Real Property50 Questions
Exam 31: Buying and Selling Real Property50 Questions
Exam 32: Nature and Types of Bailments50 Questions
Exam 33: Wills, Intestacy, and Estate Planning50 Questions
Exam 34: Protecting the Consumer and the Taxpayer50 Questions
Exam 35: Protecting the Borrower48 Questions
Exam 36: Protecting the Creditor50 Questions
Exam 37: Property, Casualty and Automobile Insurance50 Questions
Exam 38: Personal Insurance50 Questions
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Which of the following warranties can be disclaimed by a seller?
Free
(Multiple Choice)
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Correct Answer:
D
Goods that are fit for the purpose for which they would ordinarily be used are called ____________________.
Free
(Short Answer)
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Correct Answer:
merchantable goods
Product liability suits may be based on
Free
(Multiple Choice)
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(36)
Correct Answer:
D
Suing under the negligence theory of product liability is often an unsatisfactory remedy for the injured plaintiff to pursue because proving specific acts of negligence on the part of the defendant is difficult.
(True/False)
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An express warranty is created when the seller does or says something that induces the customer to buy the product.
(True/False)
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The following statement was printed on a tag attached to an electric clock: "Warranted for one year from date of purchase against original factory imperfections in materials and workmanship." This warranty statement on the tag represents an
(Multiple Choice)
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Most product liability lawsuits are based on the theory of negligence.
(True/False)
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Generally, the trend in modern court cases is that anyone who is injured by a defective product may sue.
(True/False)
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Statements by salespersons expressing their opinions about the products they sell constitute express warranties.
(True/False)
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The implied warranty of merchantability does not apply in which of these situations?
(Multiple Choice)
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Wilson went to the Costal Camera Co. to purchase a digital camera. Not knowing much about digital, she worked with a salesperson she thought could help her. After looking and testing several cameras, she narrowed her choice down to a particular camera and asked the salesperson: "Is this camera complicated to use?" The salesperson replied: "Anyone can work this camera, even my three year old daughter." Relying on this statement, Wilson purchased the camera she had selected. The salesperson's statement is a(n)
(Multiple Choice)
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Under the theory of strict liability the injured party suing simply needs to show that the product was unreasonably dangerous at the time it left the manufacturer's or other seller's control and that an injury resulted.
(True/False)
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Grill Lovers, a Manufacturing Co. that makes gas grills for outdoor cooking, sold several of its grills to Premier Home Company located in a large city. Ferris, who purchased a gas grill from Premier, was seriously injured while grilling steaks outside for a family outing. The injury resulted from a manufacturing defect in the gas line which caused an explosion as he was cooking over the grill. In a product liability suit based on strict liability, Ferris may bring a law suit against:
(Multiple Choice)
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Part of the purchase price you pay for goods includes the cost of the warranty.
(True/False)
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For a statement made by a seller to a buyer to become a(n) ____________________ warranty, the statement must be part of the basis of the sale.
(Short Answer)
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Monchessa went to a fabric store to purchase fabric to make herself a suit. The sales person showed her several bolts of fabric. She picked out the fabric she wished to buy but was told there wasn't enough to make a suit but that she would order a bolt from the manufacturer. The salesperson assured Monchessa that the fabric she ordered "would match exactly the fabric she had selected." The salesperson's statement is
(Multiple Choice)
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A(n) ____________________ warranty given under the Magnuson-Moss Warranty Act requires that a defective product be repaired within a reasonable time at no cost to the owner.
(Short Answer)
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Under the UCC the seller may add a statement in the contract selling her goods that excludes certain ____________________.
(Short Answer)
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Only ____________________ may make the warranty of merchantability.
(Short Answer)
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