Multiple Choice
Sam expressed an interest in buying a painting from Jasper, who claimed that the painting was a family heirloom. Jasper's asking price was $15,000, but Sam was only willing to offer $13,000. Jasper told him that it was a very old painting worth a fortune and that others would gladly pay $20,000 for it. He also told him that he was only selling it under its market value because he needed the money immediately. He then implied that Sam could sell it for a higher rate if he wanted. Sam decided to buy the painting for $15,000 on the condition that if he found that the painting was worth less than $15,000, Jasper would have to take the painting back and refund Sam. Which of the following warranties did this sales contract have?
A) an implied warranty of merchantability
B) an express warranty
C) a statement of opinion
D) an implied warranty of fitness
Correct Answer:

Verified
Correct Answer:
Verified
Q1: An express warranty is created upon description
Q3: An "as is" disclaimer implies that all
Q4: Persons who transfer goods without proper title
Q5: Where there has been a breach of
Q6: A commendation of goods made by a
Q7: Sellers and lessors are not required to
Q8: The foreign substance test is used to
Q9: Which of the following is true of
Q10: Warranties are the buyer's or lessee's assurance
Q11: The implied warranty of fitness for human