Business people conducting interstate business

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Reference no: EM132304735

1. The case Osorio v. One World Technologies, Inc. illustrates that it is up to the jury or finder of fact to determine if a product's design is unreasonable and therefore if the _____________________ has been breached.

implied warranty of fitness for human consumption

implied warranty of fitness for a particular purpose

implied warranty of merchantability

all of these answers are correct.

2. In a sale on approval, the risk of loss and title to the goods remain with the seller and do not pass to the buyer until

the goods are delivered to the buyer.

the buyer accepts the goods.

the buyer pays for the goods.

the seller "cures" the defect.

3. Which of the following is a model act designed to help with the frustrations of businesspeople conducting interstate business in many different states?

The Uniform Commercial Code

The Statute of Limitations

The Statute of Frauds

The Dodd-Frank Wall Street Reform and Consumer Protection Act

4. A seller or lessor has ____________ title to the goods if he pays for the goods with a dishonored check.

indefinite

voidable

void

good

5. The UCC give the seller or lessor who delivers non-conforming goods the right to _____________ the non-conformity.

mitigate

cure

dispute

reject

6. If the goods fail in any respect to conform to the contract the buyer has three options; reject the whole shipment, accept the whole shipment and reject part and accept part of the shipment, according to the

mailbox rule.

cover rule.

perfect tender rule

mirror image rule.

Reference no: EM132304735

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