Which One of the Following Warranties Arises in a Sale

question 35

Multiple Choice

Which one of the following warranties arises in a sale of goods?

• A) Implied warranty of title.
• B) Warranty against adverse possession.
• C) Implied warranty of quiet enjoyment.
• D) All of the above arise in a sale of goods.

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Definitions:

Securities Act of 1933

A U.S. federal law enacted to require transparency in financial statements so investors can make informed decisions regarding securities investments; it also introduced regulations to prevent fraud.

Public Distribution

The system of distributing goods and services to the public through government channels, often at subsidized rates.

Privity of Contract

A legal principle indicating that only the parties involved in the contract have the rights and obligations under it.

Section 12(A)(2)

A provision under the Securities Act of 1933 that imposes liability on sellers for making false or misleading statements in the sale of securities.