20 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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NR275.BUS.241.35.SP11 - ([Spring 2011] BUS 241-35: Business Law I) Assignments ... Module 4 Practice Test Review Test Submission: Module 4 Practice Test Review Test Submission: Module 4 Practice Test User Kristen M Ritch Submitted 3/5/11 5:21 PM Name Module 4 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 3 seconds out of 2 hours and Instructions Question 1 Universal Assembly Company makes espresso machines and sells one to Vim through a misrepresentation on the label on which Vim relies and that results in an injury to Vim. Universal is most likely liable for Selected Answer: [None Given] Correct Answer: fraud. 0 out of 2 points Question 2 A merchant can disclaim an implied warranty of merchantability. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 3 Sweet Candy, Inc., and Tasty Treats Stores enter into a contract for a sale of candy. Sweet, a merchant who deals in goods of the kind sold, makes express warranties in connection with the sale. Under the UCC, at the time a contract is formed, an express warranty can be disclaimed or modified Selected Answer: [None Given] Correct Answer: by clear, conspicuous language called to the buyer's attention. 0 out of 2 points Question 4 A manufacturer's liability to an injured party on a strict product liability theory is limited to a refund or a replacement of the defective product. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points NR275.BUS.241.35.SP ([Spring 2011] BUS 241-35: Business Law I) Announcements Assignments Course Documents Discussion Board My Grades Communication Tools Resources
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Question 5 Merchants are required to warrant that the goods they sell are fit for their ordinary purpose. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 6 A contract cannot contain both implied and express warranties. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 7 "Regulation Z" is a generic term for any consumer protection law. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 8 Federal law prohibits vague generalities and obvious exaggerations in advertising. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 9 Drugs must be shown to be effective and safe before they can be marketed. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 10 Paychex Loan Company extends credit in the ordinary course of its business. Under the Truth-in-Lending Act, Paychex must inform potential borrowers of Selected Answer: [None Given] Correct Answer: only its own credit terms. 0 out of 2 points
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This note was uploaded on 03/16/2011 for the course BUS 241 taught by Professor Green during the Spring '11 term at New River Community College.

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20 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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