BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The words “as is” and “with all faults” can exclude
A
implied warranties
B
consequential damages
C
warranty of title
D
nothing
Explanation: 

Detailed explanation-1: -Other expressions like “as is” or “with all faults” may also be sufficient to exclude or modify the implied fitness warranty. The implied warranty of title and against infringement. A disclaimer of the implied warranty of title and against infringement must be made separately from a disclaimer of other warranties.

Detailed explanation-2: -(c) an implied warranty can also be excluded or modified by course of dealing or course of performance or usage of trade.

Detailed explanation-3: -All implied warranties are excluded by expressions like “as is, ” “with all faults, ” or another language, which calls the buyer’s attention to the exclusion of warranties unless circumstances indicate otherwise. Note: An “as is” warranty disclaimer does not shield the seller from non-UCC fraud claims.

Detailed explanation-4: -Implied warranties apply to the sale by law. There are three types of implied warranties: the warranty of title, the warranty of merchantability, and the warranty of fitness for a particular purpose.

Detailed explanation-5: -Implied warranty may be excluded or modified by course of dealing, course of performance, or usage of trade. Disclaimer of the warranty of merchantability.

There is 1 question to complete.