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Question
Mary buys a new toaster for $500. The toaster's label bears a disclaimer stating that the manufacturer is not liable for consequential damages. One morning while Mary is using the toaster, it emits sparks and damages the electrical wiring in the kitchen. The electrician tells Mary that the toaster malfunctioned and that the cost of repairs in her kitchen would amount to $2,000. What amount of monetary damages can Mary likely recover from the manufacturer of the toaster?A) $500
B) $2,500
C) $2,000
D) No monetary damages can be recovered.
Answer
This answer is hidden. It contains 1 characters.
Related questions
Q:
Which of the following is true of a fully disclosed agency?
A) The third party does not know the identity of the principal.
B) The third party knows the name of the principal but all transactions are done with the agent.
C) The contract is between the principal, agent, and the third party.
D) The principal is liable on the contract with a third party.
Q:
The ________ is a principal's duty to cover the agent for any losses the agent suffers because of the principal's conduct.
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A) duty to indemnify
B) duty to account
C) duty to reimburse
D) duty to notify
Q:
Which of the following is an instance of misuse of confidential information?
A) An agent gives the seller the principal's name and phone number in a fully disclosed transaction.
B) A principal gives the contact details of an agent to a third-party without the agent's knowledge.
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Q:
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C) The principal has the option of buying the agent's competing venture.
D) The principal is not allowed to recover lost sales due to the agent's competing venture.
Q:
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Q:
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Q:
Which of the following is true of an apparent agency?
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Q:
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Q:
Which of the following is true about a special power of attorney?
A) It is an implied form of power of attorney.
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The issuer is permitted to assert a due diligence defense against the imposition of Section 11 liability.
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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