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Exam 18: Warranties

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Question 21

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A promise that a defective product will be repaired without charge within a reasonable time after a complaint has been made is a:

A) full warranty.
B) limited warranty.
C) wagering agreement.
D) conversion.

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Question 22

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Sales talk,or puffing,has the effect of a warranty.

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Question 23

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In addition to federal law,consumers are also protected by lemon laws enacted by the individual states.

The Magnuson-Moss Warranty Act applies only when written warranties are made voluntarily on consumer products that cost more than:

At times,a manufacturer or seller issues statements limiting a warranty to provide less protection than the law requires.Such statements do not have the force of law,and the manufacturer or seller is still responsible for breach of:

In an effort to limit the effect of express warranties,some sellers put specific limitations in the warranty.

The Uniform Commercial Code provides that when a merchant sells goods,he or she warrants that the goods will comply with the following requirements,EXCEPT:

A(n) ____________warranty is a guarantee suggested or inferred from known facts and circumstances.

Implied warranties can relate to either the title or the quality of goods.

The warranty that goods sold by a merchant seller must be fit to be sold or resold is an example of an implied warranty of:

Implied warranty of fitness for a particular purpose is sometimes referred to as fitness of purpose.

If a written warranty is vague and indefinite,the court may apply the custom of the marketplace or what such a warranty usually means in similar transactions.

An implied warranty of fitness does not exist if the buyer does not expressly inform the seller of his or her intended use of the merchandise.

Product liability,covered by tort law,provides consumers and users with remedies when they are injured or suffer property damage as a result of:

The Uniform Commercial Code states that the seller must use formal words such as "warrant" or "guarantee" in order to create an express warranty.

A seller or manufacturer has significant legal responsibility only to buyers and users of goods and services,but not to the third parties.

In an effort to reduce the uneasiness of buyers,sellers often send out mailings to assure buyers that the buyers did indeed make a wise purchase.These statements,subsequent to the sale,also can be regarded as:

A buyer cannot refuse delivery of goods even if the goods are not the same as described by the seller or do not conform to the sample or model used by the seller to effect the sale.

A kind of guarantee or promise made by a manufacturer or seller that the goods and services offered are really what they are claimed to be,or that the goods or services are what a reasonable person has a right to expect,is known as a(n) :

Differentiate between express and implied warranties.