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Blaw Chapter 21 - Warranties Questions with correct Answers 100% and detailed solutions
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Blaw Chapter 21 - Warranties Questions with correct Answers 100% and detailed solutions
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Blaw Chapter 21 - Warranties"let the buyer beware" basically the burden is on the buyer to practice due diligence. Used to
work this way, but UCC flipped implied and express warranty burden on seller - ✔✔Caveat
Emptor
a confirmation of the quality or performance of a good or service - ✔✔Warranty
A seller's or lessor's oral, written, or inferred promise, ancillary to an underlying sales or lease
agreement, as to the quality, description, or performance of the goods being sold or leased. -
✔✔Express Warranty
no - ✔✔Is an express warranty required
False - ✔✔T/F - The word guarantee has to be used in an express warranty?
A commendation of goods, made by a seller or lessor, that does not create an express
warranty. - ✔✔statement of opinion
1. All affirmations of fact or promise made about the goods.
2. Any description of the goods
3. Any model or sample of the goods - ✔✔When an express warranty is created a seller
indicates goods will conform to:
Warranty must be a contributing factor that enticed buyer/lessee to enter the contract
A retailer is liable for the express warranties made by manufacturers of goods it sells -
✔✔Recovery for breach of warranty
Difference between value of goods as warranted and actual value of goods at time and place
of acceptance
- Recoverable for personal injuries caused by breach of warranty - ✔✔compensatory
damages
Warranties imposed by law, arising automatically because the sale has been made. -
✔✔implied warranties
Implied Warranty of Merchantability
Implied Warranty of Fitness for Human Consumption
Implied Warranty of Fitness for a Particular Purpose - ✔✔forms of implied warranties
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