In Bringing a Warranty Action,the Buyer Must Prove That

question 55

Multiple Choice

In bringing a warranty action,the buyer must prove that:

• A)a warranty existed.
• B)the warranty has been breached.
• C)the breach of the warranty proximately caused the loss suffered.
• D)All of the above.
• E)None of the above.

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Definitions:

Special Indorsement

An indorsement on an instrument that indicates the specific person to whom the indorser intends to make the instrument payable—that is, it names the indorsee.

Convert

To change the form, character, or function of something to another state or type, often referring to assets or data transformation.

Stolen Bearer Instrument

A negotiable financial instrument that was unlawfully taken from its rightful owner and is payable to whoever holds the document.

Innocent

The state of being not guilty of a crime or other wrong act.