QUESTION 502 A warranty may be generally defined as: a guarantee of payment by t
ID: 357519 • Letter: Q
Question
QUESTION 502
A warranty may be generally defined as:
a guarantee of payment by the buyer
none of the other choices
a guarantee of payment by the seller
a statement by the buyer that it accepts responsibility for any harms it causes
a statement by the seller that its goods conform to buyer's expectations
QUESTION 53
Suppose a company in North Carolina contracts to buy toys from a company in China. The firms must use:
none of the other choices are required; they may pick any relevant law
the CISG because it is an international sale of goods
Chinese law because, under the CISG, the law of the seller is used
the UCC because it requires U.S. buyers to use the UCC
the law of a neutral nation to avoid bias
QUESTION 54
Private and public nuisances are:
two of the three kinds of nuisances recognized by the law of torts
the two kinds of assaults recognized by the law of torts
two of the five kinds of nuisances recognized by the law of torts
the two kinds of nuisances recognized by the law of torts
two of the ten kinds of nuisances recognized by the law of torts
a.a guarantee of payment by the buyer
b.none of the other choices
c.a guarantee of payment by the seller
d.a statement by the buyer that it accepts responsibility for any harms it causes
e.a statement by the seller that its goods conform to buyer's expectations
Explanation / Answer
Question 52:- A warranty may be generally defined as:
Answer:- b) none of the other choices
A warranty is a type of guarantee that a manufacturer makes regarding the condition of its product. It also refers to the terms and situations in which repairs or exchanges will be made in the event that the product does not function as originally described.
Question 53:- Suppose a company in North Carolina contracts to buy toys from a company in China. The firms must use:
Answer:- d) the UCC because it requires U.S. buyers to use the UCC
Question 54:- Private and public nuisances are:
Answer:- a) two of the three kinds of nuisances recognized by the law of torts
Which are:-
public nuisances
private nuisances
absolute nuisances