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Question
Sam expressed interest in buying a painting from Jasper, whose asking price was $15,000. Sam was only willing to offer $13,000. Jasper told him that it was a very old painting worth a fortune and that others would gladly pay $20,000 for it. Sam decided to buy the painting for $15,000 on the condition that if he found that the painting was worth less than $15,000, Jasper would have to take the painting back and refund Sam. Which of the following warranties did this sales contract have?A) an implied warranty of merchantability
B) an express warranty
C) a statement of opinion
D) an implied warranty of fitness
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Which of the following is true of a fully disclosed agency?
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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
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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.
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Q:
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Q:
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The agent's actions–not the principal's–create an apparent agency.
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Q:
Which of the following is true of an apparent agency?
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Which of the following is true about a special power of attorney?
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Q:
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Q:
In order to be found guilty for violation of Rule 10b-5, intentional conduct (scienter) must be proven.