Question 1

express warranty

Accepted Answer

- a warranty that the law derives by implication or inference from the nature of the transaction or the relative situation or circumstances of the parties

Question 2

implied warranty

Accepted Answer

- a warranty that goods sold or leased are fit for a particular purpose - the warranty arises when any seller or lessor knows the particular purpose for which a buyer or lessee will use the goods and knows that the buyer or lessee is relying on the skill and judgement of the seller or lessor to select suitable goods

Question 3

implied warranty of fitness for a particular purpose

Accepted Answer

- a warranty that goods being sold or leased are reasonably fit for the ordinary purpose for which they are sold or leased, are properly packaged and labeled, and are of fair quality - the warranty automatically arises in every sale or lease of goods made by a merchant who deals in goods of the kind sold or leased

Question 4

implied warranty of merchantability

Accepted Answer

-

Question 5

SAMPLE TEST QUESTIONS 1. Medical Equipment Supply Company and Natural Rehabilitation Center enter into a contract for a lease of a certain number of wheelchairs. Medical Equipment assures the lessee that it has a valid title to the goods. Under the UCC, this type of title warranty arises : a. automatically b. only if the buyer asks for such a warranty c. only if the seller expenses such a warranty d. only if the seller actually has valid title to the goods

Accepted Answer

ANSWER : (D) CORRECT : (A)

Question 6

SAMPLE TEST QUESTIONS 2. Arnold buys a backhoe from Big a 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 : a. recover from Big Dig for breach of warranty b. do nothing c. file criminal charges against Big Dig and Credit Collection d. recover damages from Credit Collection for breach of warranty

Accepted Answer

ANSWER : (A) CORRECT : (A)

Question 7

SAMPLE TEST QUESTIONS 3. Riverside Ranch is a horse breeding facility. Steed Stables is a customer looking for a new stallion for its breeding program. Riverside's representative Tomas shows Steed a stallion that he says is very fertile and can easily breed twenty mares per year. This statement is : a. an express warranty b. an implied warranty c. a warranty of title d. puffery

Accepted Answer

ANSWER : (D) CORRECT : (A)

Question 8

SAMPLE TEST QUESTIONS 4. Livestock Feedlot orders one hundred sacks of cattle feed from MegaNutrient Feed, Inc. Each sack is stamped with the phrase "Twenty percent protein." This is : a. an express warranty b. an implied warranty c. a warranty of title d. puffery

Accepted Answer

ANSWER : (A) CORRECT : (A)

Question 9

SAMPLE TEST QUESTIONS 5. MotorCo, Inc., makes and sells auto parts to retail repair services, vehicle sales outlets, and consumer parts stores. On one MotorCo box is a label that reads "Contains one gross (144) spark plugs, assorted sizes." This statement is : a. an implied warranty of fitness for a particular purpose b. an implied warranty of merchantability c. an express warranty d. none of the choices

Accepted Answer

ANSWER : (C) CORRECT : (C)

Question 10

SAMPLE TEST QUESTIONS 6. Chords Guitars, Inc., sells guitars and other stringed instruments to consumers. A Chord salesperson says to a potential customer, "This Chord is the best guitar you'll find anywhere, even online." This statement is : a. an implied warranty of fitness for a particular purpose b. an implied warranty of merchantability c. an express warranty d. none of the choices

Accepted Answer

ANSWER : (D) CORRECT : (D)

Question 11

SAMPLE TEST QUESTIONS 7. Phoenix, a salesperson for Quality Fruits, Inc., shows Robert, a buyer for Sweet Home Fruit Company, samples of peaches, stating that any shipment will match the samples. This statement is : a. an express warranty b. an implied warranty c. a warranty of title d. puffery

Accepted Answer

ANSWER : (A) CORRECT : (A)

Question 12

SAMPLE TEST QUESTIONS 8. 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 : a. an express warranty b. an implied warranty c. an opinion d. puffery

Accepted Answer

ANSWER : (C) CORRECT : (A)

Question 13

SAMPLE TEST QUESTIONS 9. Trucks & Trailers, Inc. (T&T), and United Delivery Service enter into a contract for a lease of trucks. T&T is a merchant who deals in goods of the kind leased. Under the UCC, an implied warranty of merchantability arises : a. automatically b. only if the lessee asks for such a warranty c. only if the lessor expresses such a warranty d. only in conjunction with sales contracts, not lease contracts

Accepted Answer

ANSWER : (D) CORRECT : (A)

Question 14

SAMPLE TEST QUESTIONS 10. Replay Sports Stores and SportsPower Products, Inc., enter into a contract for a sale of trampolines. SportsPower Products is a merchant who deals in goods of the kind sold. Under the UCC, an implied warranty of merchantability arises : a. automatically b. only if the buyer asks for such a warranty c. only if the seller expresses such a warranty d. only in conjunction with lease contracts, not sales contracts

Accepted Answer

ANSWER : (A) CORRECT : (A)

Question 15

SAMPLE TEST QUESTIONS 11. Beginners Run Ski Shop sells a pair of skis to Crystal. When Crystal first uses the skis, they snap in two. The cause is something that Beginners Run did not know about and could not have discovered. Beginners Run breached : a. the merchant's implied duty of inspection b. the implied warranty of merchantability c. no duty or warrant because Beginners Run knew nothing about the defect that made the goods unsafe d. no duty or warranty because consumers should reasonably expect to occasionally find a product that does not work as warranted

Accepted Answer

ANSWER : (A) CORRECT : (B)

Brainscape's Knowledge GenomeTM

Chapter 19 - Warranties Flashcards

Brainscape's Knowledge Genome^TM