Question 1

Which of the following types of warranties are automatically injected into a contract, as a matter of law?

Accepted Answer

A)   Express warranties, implied warranties of quality, and acknowledged title warranties
B)   Implied warranties, but not express warranties or acknowledged title warranties
C)   Acknowledged title warranties, but not express warranties or implied warranties of quality
D)   Acknowledged title warranties and express warranties, but not implied warranties of quality
E)   Express warranties and implied warranties of quality, but not acknowledged title warrantiesF) A) and E)
G) D) and E)

Question 2

Which of the following is NOT true for all goods sold for more than $15?

Accepted Answer

A)   A written express warranty is always required.
B)   A written warranty, if it exists, must disclose certain information.
C)   A written warranty, if it exists, must disclose the names and addresses of the warrantors.
D)   A written warranty, if it exists, must disclose any limitations on the warranty.
E)   A written warranty, if it exists, must explain the procedures necessary to activate the warranty remedy.F) C) and D)
G) A) and E)

Question 3

Under the UCC which of the following rights, if any, does Kumar have against Super Store in most states?

Accepted Answer

A)   None, because he did not buy the toaster.
B)   None, because he has no privity.
C)   None, because he was not married to Cara.
D)   He may sue but only if Cara joins in the suit with him.
E)   He likely has a right to sue, because the warranty rights extend to guests.F) B) and D)
G) C) and E)

Question 4

Unless the seller proves otherwise, the UCC assumes that the seller has good and valid title to the goods.

Accepted Answer

A) True 
 B)False

Question 5

Gianna buys a toaster that shocks her when she plugs it into an outlet. She returns it to the store and is told that the seller does not provide warranties and that she would have to return it to the overseas manufacturer. The postage to return it to the manufacturer would amount to more than the toaster is worth. Gianna believes that is ridiculous. Who is correct under the UCC and why?

Accepted Answer

A)   Gianna is correct because by selling the toaster, the seller made an implied warranty of merchantability.
B)   Gianna is correct because by selling the toaster, the seller made an express warranty.
C)   Gianna is correct because by selling the toaster, the seller made an implied warranty of fitness for a particular purpose.
D)   The seller is correct because only the manufacturer is responsible for warranties on consumer goods.
E)   The seller is correct because while the seller is responsible for warranties for consumer goods costing in excess of $500, only the manufacturer is responsible for lower-priced consumer goods.F) A) and B)
G) A) and C)

Question 6

What 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?

Accepted Answer

A)   The court ruled that the implied warranty of title did not extend to subsequent purchasers.
B)   The court ruled that the implied warranty of title did extend to subsequent purchasers.
C)   The court ruled that the implied warranty of title extended only to subsequent purchasers who purchased within 12 months.
D)   The court ruled that the implied warranty of title extended only to subsequent purchasers who purchased within 4 years.
E)   The court ruled that the implied warranty of title extended only to the first three subsequent purchasers, but no further.F) D) and E)
G) All of the above

Question 7

Puffing generally creates an express warranty.

Accepted Answer

A) True 
 B)False

Question 8

List the exceptions to title warranties.

Accepted Answer

The only exceptions to title warranties ...

Question 9

________ are assurances by one party that the other party can rely on its representations of fact.

Accepted Answer

A)   Warranties
B)   Contractual promises
C)   Statutes of limitations
D)   Affirmances
E)   Implication promisesF) B) and D)
G) A) and E)

Exam 25: Warranties

________ are assurances by one party that the other party can rely on its representations of fact.

Correct Answer
verified

Which of the following is NOT true for all goods sold for more than $15?

Correct Answer
verified

Unless the seller proves otherwise, the UCC assumes that the seller has good and valid title to the goods.

Correct Answer
verified

What 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?

Correct Answer
verified

List the exceptions to title warranties.

Correct Answer
verified
The only exceptions to title warranties ...
View Answer

Puffing generally creates an express warranty.

Correct Answer
verified

Which of the following types of warranties are automatically injected into a contract, as a matter of law?

Correct Answer
verified

Correct Answer
verified

Under the UCC which of the following rights, if any, does Kumar have against Super Store in most states?

Correct Answer
verified

Exam 25: Warranties

________ are assurances by one party that the other party can rely on its representations of fact.

Correct AnswerverifiedShow Answer

Which of the following is NOT true for all goods sold for more than $15?

Correct AnswerverifiedShow Answer

Unless the seller proves otherwise, the UCC assumes that the seller has good and valid title to the goods.

Correct AnswerverifiedShow Answer

What 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?

Correct AnswerverifiedShow Answer

List the exceptions to title warranties.

Correct AnswerverifiedThe only exceptions to title warranties ...View AnswerShow Answer

Puffing generally creates an express warranty.

Correct AnswerverifiedShow Answer

Which of the following types of warranties are automatically injected into a contract, as a matter of law?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Under the UCC which of the following rights, if any, does Kumar have against Super Store in most states?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The only exceptions to title warranties ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified