Posted: July 24th, 2016
Question 6
Under the Magnuson Moss Warrant Act and the FTC regulations, the seller is not required to give a written warranty.
True
False
Question 7
If there is no agreement between the parties for delivery to happen in installments, then all the goods:
A. should be delivered in reasonably spaced intervals.
B. must be delivered to the buyer in a single delivery.
C. may be delivered in installments as the seller dictates.
D. none of the above
Question 8
An agency can never be oral.
True
False
Question 9
Seth runs David s Connecticut farm while David works as a stockbroker in New York City. Twice a year, David asks Seth for an accounting. Explain Seth s duty to provide an accounting
Question 10
In an action against a manufacturer who is sued on the basis of industrywide liability for the manufacture and sale of a standardized product that caused injury after a number of years (for example, asbestos), the manufacturer may raise the following defense(s) to avoid or minimize its liability:
A. it did not manufacture the product that caused the injury to the plaintiff.
B. its market share was less than alleged by the plaintiff.
C. the risks from its product were lower than those from other products.
D. all of the above
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