Which of the Following Is True of an Exclusion of the Implied

question 46

Multiple Choice

Which of the following is true of an exclusion of the implied warranty of fitness for a particular purpose?

• A)The exclusion can be an oral or written statement,promise or other representation about the quality of a product.
• B)The exclusion can occur by excusing buyers from examining the goods,the sample,or model.
• C)The exclusion must be in writing,bold type,and be conspicuous.
• D)Using expressions such as "as is," "with all faults," or some similar language would not exclude the implied warranty of fitness for a particular purpose.

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Definitions:

Trustee

A person licensed to receive and dispose of the assets of a bankrupt, then distribute the proceeds to the creditors.

Beneficiary

An individual or entity entitled to receive benefits or assets from a trust, will, or life insurance policy.

Statutory Assignment

The transfer of rights or interests in a particular matter as authorized and regulated by statute.

Equitable Assignment

A transfer of rights or benefits from one party to another, recognized by equity courts even if not formally executed.