Which of the Following Statements Is Correct with Respect to a Contract

question 80

Multiple Choice

Which of the following statements is correct with respect to a contract for the purchase of goods?

• A) The purchaser has a claim against the manufacturer only if the goods purchased are defective.
• B) Where a breach of a warranty is involved, the obligation of the victim of the breach is ended and that person need not perform her side of the agreement.
• C) Where a breach of a condition is involved, the obligation of the victim of the breach is ended and that person need not perform her side of the agreement.
• D) The purpose of the inclusion of a warranty in a sale of goods contract is to force the seller of those goods to repair the goods if they are defective.
• E) Where a breach of a condition is involved, the contract is still in force and the victim of the breach must still perform her side of the agreement.

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Definitions:

External Monitoring

The process of assessing external conditions or performance metrics to inform decision-making or strategy.

Business Organizations

Entities formed for the purpose of conducting commercial, industrial, or professional activities, structured in various forms such as partnerships, corporations, or sole proprietorships.

Government Regulation

Laws, rules, or directives established by governmental bodies designed to control and guide the behavior of individuals, industries, or organizations.

Monopoly

A market situation where a single company or entity exclusively controls the supply or trade of a particular good or service.