1 In a products-liability case...

strict liability is asserted only when negligence is not asserted

breach of warranty is not asserted along with strict liability

only tort theories are typically asserted

both tort and contract theories are typically asserted

2 An implied warranty of merchantability...

is impossible for a seller to disclaim

is created by an express warranty

can be disclaimed by a seller only if the disclaimer is in writing

is created by law

3 A possible defense to breach of warranty is...

all of the above

disclaimer of implied warranties

absence of an express warranty

lack of privity

4 Under the strict liability rule in Restatement, Section 402A, the seller is liable for all injuries resulting from a product....

even though all possible care has been exercised

in both of the above situations

regardless of the lack of a contract with the user

in none of the above situations

5 An individual selling her car could be liable...

for breaching the implied warranty of fitness

under the strict liability theory

for breaching the implied warranty of merchantability

under two of the above

6 Drawers and indorsers have...

primary contract liability

none of the above

no liability

secondary liability

7 Conditions(s) needed to establish secondary liability include...

presentment

dishonor

notice of dishonor

all of the above

8 A demand for payment made on a maker, acceptor, or drawee is called....

protest

notice

certification

presentment

9 An example of an implied warranty given by a seller of commercial paper includes a warranty.....

that signatures are genuine

covering all of the above

of good title

that there are no material alterations

10 Under UCC Article 3, discharge may result from.....

impairment of collateral

cancellation

all of the above

fraudulent alteration

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