Exam 25: Warranties
Exam 1: An Introduction to Dynamic Business Law67 Questions
Exam 2: Business Ethics67 Questions
Exam 3: The US Legal System80 Questions
Exam 4: Alternative Dispute Resolution66 Questions
Exam 5: Constitutional Principles67 Questions
Exam 6: International and Comparative Law67 Questions
Exam 7: Crime and the Business Community79 Questions
Exam 8: Tort Law66 Questions
Exam 9: Negligence and Strict Liability71 Questions
Exam 10: Product Liability67 Questions
Exam 11: Liability of Accountants and Other Professionals67 Questions
Exam 12: Intellectual Property66 Questions
Exam 13: Introduction to Contracts71 Questions
Exam 14: Agreement66 Questions
Exam 15: Consideration64 Questions
Exam 16: Capacity and Legality66 Questions
Exam 17: Legal Assent67 Questions
Exam 18: Contracts in Writing65 Questions
Exam 19: Third-Party Rights to Contracts68 Questions
Exam 20: Discharge and Remedies66 Questions
Exam 21: Introduction to Sales and Lease Contracts65 Questions
Exam 22: Title, Risk of Loss, and Insurable Interest65 Questions
Exam 23: Performance and Obligations Under Sales and Leases65 Questions
Exam 24: Remedies for Breach of Sales and Lease Contracts66 Questions
Exam 25: Warranties65 Questions
Exam 26: Negotiable Instruments: Negotiability and Transferability66 Questions
Exam 27: Negotiation, Holder in Due Course, and Defenses69 Questions
Exam 28: Liability, Defenses, and Discharge67 Questions
Exam 29: Checks and Electronic Fund Transfers69 Questions
Exam 30: Secured Transactions65 Questions
Exam 31: Other Creditors Remedies and Suretyship65 Questions
Exam 32: Bankruptcy and Reorganization67 Questions
Exam 33: Agency Formation and Duties65 Questions
Exam 34: Liability to Third Parties and Termination65 Questions
Exam 35: Forms of Business Organization65 Questions
Exam 36: Partnerships: Nature, Formation, and Operation65 Questions
Exam 37: Partnerships: Termination and Limited Partnerships65 Questions
Exam 38: Corporations: Formation and Financing67 Questions
Exam 40: Corporations: Mergers, Consolidations, Terminations65 Questions
Exam 41: Corporations: Securities and Investor Protection67 Questions
Exam 42: Employment and Labor Law65 Questions
Exam 43: Employment Discrimination65 Questions
Exam 44: Administrative Law67 Questions
Exam 45: Consumer Law64 Questions
Exam 46: Environmental Law65 Questions
Exam 47: Antitrust Law65 Questions
Exam 48: The Nature of Property, Personal Property, and Bailments65 Questions
Exam 49: Real Property66 Questions
Exam 50: Landlord-Tenant Law65 Questions
Exam 51: Insurance Law65 Questions
Exam 52: Wills and Trusts64 Questions
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If it is generally accepted in the trade that a certain product is always preassembled, the failure of the seller to deliver the goods in that condition would be a breach of the ____.
Free
(Multiple Choice)
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Correct Answer:
C
In order to disclaim the implied warranty of fitness for a particular purpose, the seller must disclaim the warranty in writing.
Free
(True/False)
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Correct Answer:
True
To use common law language a[n] ______ is a material term of the sale or lease contract.
Free
(Multiple Choice)
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Correct Answer:
A
The UCC assumes that the seller has the right to transfer title free and clear of infringements of intellectual property rights of which the buyer does not have knowledge.
(True/False)
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Which is true regarding a buyer's right to waive warranties?
(Multiple Choice)
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What needs to be shown under the UCC for goods to be found merchantable?
(Essay)
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Which of the following is true regarding whether Samantha made an implied warranty of merchantability in regard to the blender?
(Multiple Choice)
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What is the effect of a failure to comply with the statute of limitations?
(Multiple Choice)
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"Hot Toaster." Rebecca bought a toaster from Super Store and brought it home. A friend of hers, Greg, was at her house making toast. The toaster malfunctioned and shocked Greg resulting in a small burn to his hand requiring medical attention. At a garage sale, Rebecca also purchased a blender from a friend, Samantha, a nurse, with the intention of making smoothies. Unfortunately, the blender was not powerful enough to make smoothies. Assume that not all blenders are designed to provide the texture required for good smoothies.
-Which of the following is true regarding whether Samantha made an express warranty to Rebecca that the blender would make smoothies?
(Multiple Choice)
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"Boat Tow." Donnie went to a new car dealership and told the salesperson, Sally, who was not the manager, that he needed a new car that would get good gas mileage and would also pull his big boat. Sally encouraged him to buy a smaller car that she promised would pull the boat. Sally was new to the job and did not realize that the small car did not have sufficient power to pull the boat for any distance. Donnie bought the car and used it to pull the boat. Unfortunately, the heavy pull on the car did significant damage to the car's engine. Donnie complained to the Sally who denied any liability. Donnie, who had half a semester of business law, informed Sally that along with the sale of the car he also received an express warranty, an implied warranty of merchantability, and an implied warranty of fitness for a particular purpose; and that he could recover under any of those theories. Sally truthfully said that no explicit promises regarding warranties were ever made orally or in writing.
-Is Donnie correct that the car was sold with an implied warranty of merchantability?
(Multiple Choice)
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Marge ordered for her soccer team T-shirts with the name of the school shown on the front. The seller requested that Marge come in to inspect the first T-shirt before the others were made. Marge refused because she was too busy and told the seller to go ahead and print the shirts. On receipt of the shirts, Marge discovered that the school name was misspelled. Does Marge have any rights against the seller, and why or why not?
(Essay)
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Which of the following is needed in order for the implied warranty of merchantability to be applied?
(Multiple Choice)
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What was the result in the "Case Opener" in which a purchaser of a puppy from a person who regularly sold puppies sued the seller for veterinarian bills after the puppy was found to be in poor health?
(Multiple Choice)
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Because of the rule of privity, warranties may not extend to third parties to a contract.
(True/False)
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Assurances by one party that the other party can rely on its representations of fact are referred to as which of the following?
(Multiple Choice)
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Which of the following is true regarding whether a seller must provide a warranty under the Magnuson-Moss Act?
(Multiple Choice)
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Which of the following is false regarding express warranties?
(Multiple Choice)
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Unless otherwise specified, which of the following is true regarding warranties in Hong Kong?
(Multiple Choice)
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Which of the following was the court's ruling on appeal in First State Bank & Trust Company of Shawnee v. Wholesale Enterprises Inc., the case in the text involving whether the implied warranty of title should be extended to subsequent purchasers?
(Multiple Choice)
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