Eliza Buys a New Motorcycle from Fast Bikes, Inc

question 28

Multiple Choice

Eliza buys a new motorcycle from Fast Bikes, Inc. The most important factor in determining whether an express warranty is created is whether

• A) Eliza expresses to Fast Bikes what she wants warranted.
• B) Eliza's desire for the cycle becomes part of her motivation to deal.
• C) Fast Bikes expresses to Eliza what it expects of its customers.
• D) Fast Bikes' promise becomes part of the basis of the bargain.

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Definitions:

Quantum Meruit

A legal principle where someone is paid for the value of work or services performed, when there hasn't been a specified contract about payment.

Monetary Compensation

Payment made in the form of money to settle a claim, compensate for damage, work done, or injury.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Limitations

Restrictions or cap on the amount of time within which legal action can be initiated or certain rights can be enforced.