MGMT 390 Business Law 9.3 Final Exam Latest- Scored 96/100
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9.3 - Final Exam
This exam contains 25 questions. Questions on this exam will be presented one at a time.
Question 1 4 / 4 pts
A seller must use words such as "warrant" to make an express warranty.
True
False
Question 2 4 / 4 pts
Olga, a salesperson for Pre-owned Cars & Trucks, Inc., tells Quincy, "This is the best car I've ever seen." This statement is
an express warranty.
an implied warranty.
a warranty of title.
puffing.
Question 3 4 / 4 pts
Over the course of a year, Real Deal Corporation sells appliances to customers to whom it extends credit. Real Deal
orders the appliances from Superior Appliance Company's warehouse, from which the items are shipped via common
carrier to Real Deal's customers. Article 2 of the UCC governs
all of the parties' sales of the goods.
Real Deal's extension of credit.
Superior's storage of the goods.
the common carrier's delivery of the goods.
Question 4 4 / 4 pts
In a dispute over a sale involving a bicycle, Dain argues that as to this deal Elle's Hobby Shop, where Dain bought the
bike, is a merchant. A court may determine whether Elle's is a merchant by assessing whether
it has sold any bikes within the last year.
it holds itself out by occupation as having knowledge or skill unique to the bike in the transaction.
its owner enjoys biking.
it subscribes to Bike, a biweekly trade magazine.
Question 5 4 / 4 pts
Generally, the funds represented by a deposited local check must be available for withdrawal the same business day.
True
False
Question 6 4 / 4 pts
Clyde issues a check payable to Discount Mart. Elle, Discount's cashier, forges the store's indorsement and deposits thecheck in her bank account. Clyde's bank, First State Bank, pays the check. Clyde can recover from
Elle, but not First State Bank.
First...