QUESTION 49 Housewares Inc. warrants its goods to be free of defects. Ivy issues an instrument to Housewares for the purchase of an appliance that proves to be defective. With respect to payment on the instrument, Ivy O a. has a personal defense. O b. is liable only to a subsequent holder of the instrument. O c. has a universal defense. O d. cannot avoid it. QUESTION 50 Power Company offers to buy from Quality Transformers LLC a specific quantity of a certain type of transformer for a stated price. Quality can accept the offer by O a. a rejection of the offer with an invitation to negotiate a different price. O b. a counteroffer within a reasonable time. O c. a promise to ship the goods. O d. any of the choices