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:

Express Authorization

Express authorization is a clear and direct granting of permission or power to act, often specified in writing, that delineates the scope and terms under which actions may be taken.

Consideration

The value (such as money, services, or goods) exchanged between parties in a contract, making the agreement legally binding.

Apparent Authority

The impression given by a principal to a third party that an agent has the authority to act on the principal’s behalf.

Agency Relationship

A legal relationship wherein one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.