"Tool for You" (TFY)is a Company That Sells Power Tools

question 37

Multiple Choice

"Tool For You" (TFY) is a company that sells power tools to consumers.The sales contract of TFY states that TFY will not be liable for any consequential damages that the consumer suffers as a result of using power tools purchased from them.Harry purchased a table saw from TFY for use in his hobby of woodworking.Harry was injured when the saw blade flew off.He wants to sue TFY but is not sure whether the contract provision limiting consequential damages will be enforced and seeks your opinion.Will he succeed?

• A) No,because this was a sale of a potentially dangerous product.
• B) No,because Harry is a consumer.
• C) Yes,because Harry agreed to this provision in the contract of sale.
• D) Yes,because the UCC allows parties to agree to limitations on damages.

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Definitions:

Cookies

Small, sweet baked treats often containing ingredients such as chocolate chips, nuts, or raisins.

Comparative Advantage

The aptitude of a country, individual, or corporation to deliver a service or good at a more affordable opportunity cost compared to competitor parties.

Specialization

The process of focusing work and production on a limited range of activities, leading to increased efficiency and expertise in those areas.

Tonnage

A measurement of weight or volume used to quantify cargo, shipping capacity, or displacement of ships, traditionally measured in tons.