1. David is interested in buying a jet ski. After looking around at both new and used models, David decides to buy a five-year-old jet ski from Bill, who placed an ad in the paper to sell his jet ski "as is." David pays Bill the asking price of $2,100 and the next day, David takes it out for a spin in Boggy Bayou.David is no more than 50 yards from the landing when the jet ski starts taking on water and sinking.David brings an action against Bill for a breach of an implied warranty of merchantability and for breach of an express warranty.Will David be successful on either claim?Explain your answer.
2. List and briefly describe two (there are more, but you only have to do two) possible defenses a manufacturer might raise in a lawsuit alleging product liability.