In$-$class assignment $-$ Week $\text{'}$

Which one of the following statements about aircraft buying and selling laws is correct?

a$.$ Federal law only peripherally involves the buying and selling of aircraft.

b$.$ The law of all $50$ states is virtually identical in aircraft buying and selling since all have

adopted the Uniform Commercial Code.

c$.$ State law largely governs the buying and selling of aircraft.

d$.$ All of the above

Which one of the following statements about Cape Town Treaty is NOT correct?

a$.$ Domestic transactions in aircraft, engines, or helicopters are required to file with both the

FAA and international Registry.

The treaty covers the international registry of certain airframes, aircraft engines, and

helicopters.

c$.$ The treaty covers the international registry of different types of mobile assets, such as

railway rolling stock, space assets, and mining, agricultural, and construction equipment.

d$.$ When purchasing aifcraft, engines, or helicopters covered by the treaty, buyers should

search the International Registry to determine existing ownership and other legal interests.

A prospective buyer approaches someone offering a helicopter for sale, saying: "I don't know much

about helicopters, but I own a construction company, and we need one for a major project. It must

be capable of lifting a $10,000-$pound, $150-$foot$-$tall, steel power$-$line tower, then climbing up to

$14,000$ feet MSL and hovering there out of ground effect to place it at temperatures up to $90$

degrees fahrenheit." The seller represents to the buver that a particular helicopter will do that job.

and the burer relies on the selier's representation. This is an axample of a$|$n$]$

a$.$ express warranty

b$.$ implied warranty of merchantability

c$.$ implied warfanty of fitness for a particular purpose

d$.$ mere commercial puffery

Which one of the following is an effective way of preventing litigation when purchasing an aircraft?

a$.$ Have a written purchase contract clearly expressing the warranties agreed to or excluded

from the deal.

b$.$ Hire an FAA$-$certifed airframe and powerplant mechanic holding inspection authorization

and having special experience and familiarity with the particular make and model of the

aircraft to perform a pre$-$purchase inspection.

c$.$ Perform title searches of both the FAA Aircraft Registry and International Registry.

d$.$ Have a formal closing of the deal with the seller and lienholder.

e$.$ All of the above