1> Question:Which of the following warranties does an assignor make when he assigns rights under a contract to an assignee for value?

Answer: That there are no defenses available to the debtor that have not been disclosed to the assignee. Give an example

2>Q: Which of the following is true of the sale of food or drink? A: The sale carries an implied warranty that the food is fit for consumption.

How is about the demonstration of services in a Hair or Nail salon? Do the customer have the right to say that "I don't like my Nail. I don't like my hair. I don't want to pay for that "? If the owner locks the door, don't let that customer leave and call the police. Is it legal to do so?

3>Checks: a. A wrote a check to B. B signed at the back, then used the check to pay for C. C signed at the back the check with her account information to make a deposit. Can C do that with any bank, or C should check with both banks' police first?

b. qualified indorsementlimits theliability of the indorserby using "without recourse" before theirindorsement signature"

If a check has anon-sufficient fund, will the above statement help an endorser-payee not be liable for the fee charged by the endorser's bank?

4>Contract a. Awritten contract must be signed by both parties to be legally enforceable. Does it need to be public notarized as well?

b. An oral contract was made between A and B. A borrowed some money from B, A left her tangible property, a land, as security to B. The value of the land and the sum of borrow money were equal. B said that whenever A had enough money to pay B, A could get the land back. After 5 years, the land value goes up, can A pay B the same amount to get the land back?

5>a. When a car is paid off, a car title is issued. When a house is paid off, is a house title issued by a bank or the county? b. Is it better to buy a house in Cash with the owner or apply for a mortgage loan?