Ch13-TB-BLTE-8e

Ch13-TB-BLTE-8e - Chapter13 Warranties,ProductLiability,...

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Chapter 13 Warranties, Product Liability, and Consumer Law TRUE/FALSE QUESTIONS 1. Title warranties arise in a sales contract only if the seller expressly de- clares that he or she possesses title to the goods. ANSWER: F PAGE: 381 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 2. A warranty against infringement is a promise by the seller that the product  was constructed in a workmanlike manner. ANSWER: F PAGE: 381 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal 3. Only a seller’s expression of opinion creates a warranty. ANSWER: F PAGE: 382 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 4. Advertisements can include express warranties. ANSWER: T PAGE: 382 TYPE: N 191
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192 TEST BANK TO ACCOMPANY BUSINESS LAW TODAY: THE ESSENTIALS MISC: AACSB Analytic Skill Level: AICPA Legal 5. A seller must use a word such as “guarantee” to make an  express  warranty. ANSWER: F PAGE: 382 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal 6. An implied warranty of merchantability arises in every sale or lease by a  merchant who deals in goods of the kind sold or leased. ANSWER: T PAGE: 383 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal
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CHAPTER 13: WARRANTIES, PRODUCT LIABILITY, AND CONSUMER LAW 193 7. A contract cannot contain both a warranty of merchantability and a war- ranty of fitness for a particular purpose. ANSWER: F PAGE: 385 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 8. An express warranty cannot be limited. ANSWER: F PAGE: 386 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 9. A product liability action may be based on warranty theory. ANSWER: T PAGE: 388 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 10. Privity of contract between the plaintiff and the defendant is required to  bring a product liability suit based on negligence. ANSWER: F PAGE: 389 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 11. Strict liability is liability without fault. ANSWER: T PAGE: 389 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 12. Only the manufacturer of a defective product can be strictly liable for an  injury or damage caused by the product. ANSWER: F PAGE: 391 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal 13. To succeed in a product liability suit based on strict liability, a plaintiff does  not  need to prove why or in what manner a product became defective.
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194 TEST BANK TO ACCOMPANY BUSINESS LAW TODAY: THE ESSENTIALS ANSWER: T PAGE: 391 TYPE: + MISC: AACSB Analytic Skill Level: AICPA Legal 14. To succeed in a product liability suit based on strict liability, a plaintiff  must be more than a bystander. ANSWER:
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Ch13-TB-BLTE-8e - Chapter13 Warranties,ProductLiability,...

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