Purchase Solution

Which of the warranties apply to merchants only?

Not what you're looking for?

Ask Custom Question

Which of the following warranties apply to merchants only?
a. warranty of no infringements and warranty of merchantability
b. warranty of merchantability and warranties of quality
c. warranty of no security interests and warranty of merchantability
d. warranty of merchantability and warranty of fitness for a particular purpose

Purchase this Solution
Solution Summary

Based on the list of warranties, this solution discusses which of the warranties apply to merchants only e.g. warranty of no infringements, warranty of merchantability, warranties of quality, warranty of no security interests, etc.

Solution Preview

1. Which of the following warranties apply to merchants only? a. warranty of no infringements and warranty of merchantability b. warranty of merchantability and warranties of quality c. warranty of no security interests and warranty of merchantability d. warranty of merchantability and warranty of fitness for a particular purpose

Best Answer: d. warranty of merchantability and warranty of fitness for a particular purpose

Why? The law recognizes two basic kinds of warranties for the merchant e.g., implied warranties and expresses warranties.
Implied warranties are unspoken, unwritten promises, created by state law, that go from you, as a seller or merchant, to ...

Purchase this Solution
Free BrainMass Quizzes
Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

View More Free Quizzes
Related BrainMass Solutions

  • UCC Contracts & Warranties

    109945 UCC Contracts & Warranties Does the UCC apply to contracts between merchants only? Are contracts and Warranties used interchangeable in article 2 of the UCC? Do common law contract apply to UCC?

  • Warranties: Grocery's Business.

    The solution discusses the different warranties that apply to Grocery's business.

  • Organic Farms and Grocery, Inc: Terms of Contract, F.O.B. (Free on Board)

    The different warranties that apply to Groceries business include: You must think of the following:A warranty is a two-part pledge to you. First, it promises that the merchandise sold is as represented.

  • Benefits of Uniform Commercial Code for Business Transactions

    What are the various types of warranties that could apply to a large retail store? Some of the various types of warranties that could apply to a large retail store include: § 2-312.

  • paralegal program

    2-207 the additional terms become part of the contract only if the notification of objection to them has already been given. The notification of objection was already contained in the purchase order.

  • Benefits of having a UCC Code

    There are certain warranties provided by the Uniform Commercial Code (UCC). What are the various types of warranties that could apply to a large retail store?

  • Holder-in-due Course

    This posting discusses the issue of holder in due course and the circumstances in which the protection of holder-in-due course is lost.

  • Contracts: UCC Article 2 and Grocery Inc

    The Uniform Commercial Code (UCC) Article 2 only applies to contracts FOR THE SALE OF GOODS (Mallor, 2003).

  • Legal and Ethical Environment of Business

    In preventing the misuse of not clear warranties or disclaimers, the statue imposes a mandatory effort for merchants to readily provided straightforward clauses of responsibility.

View More Related Solutions