Business Law
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| What is exaggerated sales talk? | Puffing
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| What is an unstated warranty that is imposed on ALL sellers. ALl sellers must provide theses warranties. | Implied
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| What is a seller's statement about a product's quality called? | Warranty
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| What is a notice of exclusion. Ex: "sold as is" | Disclaimer
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| What is the unathorized used of a product? Ex: using someone else's patent, copyright, or trademark | Infringement
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| What is a claim of a third party against property called? Ex: a lien of a house | Encumbrance
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| What kind of warranty includes explicit assurance of quality or promise of performance BY THE SELLER | Express
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| In what kind of warranty does the seller recommend a product to the buyer for a specific purpose. | Fitness
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| What kind of warranty requires that goods be fit for ordinary purposes for which such goods are used. | Merchantability
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| What is the tort that could be the basis for a product liability suit? | Negligence
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| One type of liability | Strict
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| What is the relationship between contracting parties called? | Privity
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| If this person alters a product, no liability exist. | User
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Created by:
deshanelson
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