QUESTION 40 2 points The two basic types of warranties involved in commercial paper transactions are: O A. warranties of transfer and warranties of accommodation parties O warranties or presentment and indorsers' warranties O contract and tort warranties OD warranties of presentment and warranties of transfer OE express and implied warranties QUESTION 41 2 points In UCC sales contracts in which at least one of the parties is a non-merchant, the effect of additional terms in the acceptance that do not materially alter the terms of the offer is that such terms constitute a counteroffer that effectively rejects the original offer True False 2 points QUESTION 42 ABC Industries contracts to sell to CBA Industries 10,000 widgets a month for the next two years. A month after entering into the contract, a labor dispute between ABC and its employees arises and all production ceases The contract between ABC and BCA not excused, because labor disputes are foreseeable True False 2 points