Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column.
a. Disclaimer
b. Express warranty
c. Full warranty
d. Implied warranty
e. Limited warranty
f. Product liability
g. Custom of the marketplace
h. Warranty of fitness for a particular purpose
i. Warranty of merchantability
j. Warranty of title
1. A warranty provided by law for the protection of the buyer and not specifically included in the agreement. 1. ___________
2. An implied warranty that goods are suitable for the specific purpose for which they are sold. 2. ___________
3. What a vague or ambiguous warranty usually means in similar transactions.
3. ___________
4. A denial or repudiation of an express warranty made at the time of sale. 4. ___________
5. An implied warranty that the seller actually owns the goods sold. 5. ___________
6. Law that provides consumers and users with remedies when they are injured or suffer property damage as a result of defective goods. 6. ___________
7. An implied warranty that goods sold are i t for the ordinary purpose for which they are intended. 7. ___________
8. A written or oral promise or statement regarding goods sold. 8. ___________
9. Under the Magnuson- Moss Act, a warranty that requires a seller to repair or replace a defective product without charge within a reasonable time. 9. ___________
10. Under the Magnuson- Moss Act, the designation that must be used if a warranty does not meet the minimum requirements. 10. ___________

  • CreatedOctober 01, 2015
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