Exam 23: Warranties

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

Only a statement made after a contract is entered into can be an express warranty.

(True/False)
4.9/5
(74)

Arnold buys a backhoe from Big Dig Equipment Inc. Arnold is unaware that Credit Collection Company holds a lien against the backhoe when he buys it. If Credit Collection repossesses the backhoe, Arnold can​

(Multiple Choice)
4.9/5
(73)

Pat's Pet Houses, Inc. sells shelters for animals under "limited" warranties. Under the Magnuson-Moss Warranty Act, this means that the warranties on the shelters from Pat's

(Multiple Choice)
4.8/5
(75)

Store Outfitters Company and Towncraft retail stores enter into a contract for a lease of cash registers. Store Outfitters assures Towncraft that it has valid title to the goods. Under the UCC, a warranty of title arises

(Multiple Choice)
4.9/5
(96)

A seller is not required to give a written warranty for consumer goods sold.

(True/False)
4.8/5
(88)

If a buyer or lessee examines the goods, there is no implied warranty with respect to defects that a reasonable examination would reveal.

(True/False)
4.7/5
(86)

Quade is an expert in twentieth-century art. Rachel visits Quade's gallery, seeking to buy artwork as an investment. Quade shows her a painting that in his opinion is by Picasso. Quade's statement is

(Multiple Choice)
4.7/5
(71)

Basically, state lemon laws provide remedies to consumers who buy food that is not merchantable.

(True/False)
4.9/5
(90)

Chord Guitars Inc. sells guitars to consumers. A Chord salesperson says to a potential customer, "This Chord is the best guitar you'll find anywhere." This statement is

(Multiple Choice)
4.9/5
(73)

Water Pipe Company includes in its contracts a provision that reads, in large red letters, "There are no warranties that extend beyond the description on the face hereof." This disclaimer negates

(Multiple Choice)
5.0/5
(80)

Music, Inc., sells fifty MP3 players to Noise Stores, Inc. To avoid liability for most implied warranties, in some states Music could simply state in writing that the players are sold

(Multiple Choice)
4.9/5
(83)

Statements of fact made during the bargaining process are express warranties.

(True/False)
5.0/5
(87)

In sales law, failing to examine the goods and refusing to examine the goods are considered the same thing.

(True/False)
4.8/5
(86)

To specifically disclaim an implied warranty of fitness for a particular purpose, a seller or lessor must mention the word fitness.

(True/False)
4.8/5
(78)

Construction Products Company and Dante enter into a contract for a sale of bricks and stones. Construction Products knows the purpose for which Dante will use the goods. Under the UCC, an implied warranty of fitness of a particular purpose arises

(Multiple Choice)
4.9/5
(72)

Statements of fact made during the bargaining process are express warranties.

(True/False)
4.8/5
(81)

Global Talk Corporation sells phones and other mobile devices. Under most circumstances, Global Talk will be presumed to have warranted that its title to the goods is

(Multiple Choice)
4.8/5
(77)

Lighter Than Air, Inc., and Mario enter into a contract for a sale of a hang glider. Lighter Than Air, a merchant who deals in goods of the kind sold, makes implied and express warranties in connection with the sale. The Magnuson-Moss Warranty Act was designed to prevent deception in warranties by

(Multiple Choice)
4.9/5
(69)

General descriptions take precedence over inconsistent samples.

(True/False)
4.8/5
(71)

A full warranty requires free repair or replacement of any defective part.

(True/False)
4.9/5
(66)
Showing 21 - 40 of 72
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)