QUESTION 6

1. Which of the following isnota seller's remedy?

Right to withhold delivery

Right to resell goods

Right to cancel the contract

Right to cover

QUESTION 7

1.Express warranties must be written.

True

False

QUESTION 8

1.The failure of a manufacturer of a product to warn users of the dangerous propensities of a product can constitute negligence.

True

False

QUESTION 9

1.The U.S. Circuit Court of Appeals for the Tenth Circuit upheld the constitutionality of the do-not-call rules.

True

False

QUESTION 10

1.The term "warranty" may be defined as:

A contractual default.

A contractual promise.

Caveat emptor.

A tender of performance.

QUESTION 11

1.A public policy reason for imposing strict product liability on all in the chain of distribution is:

These parties are able to insure against product liability costs.

These parties should be punished for putting dangerous products on the market.

Consumers should be able to choose dangerous products if they want to.

Negligence was making it too easy for plaintiffs to recover.

QUESTION 12

1.Which of the following is not regulated by the FDA?

Eye shadow

Lipstick

Facial makeup

Ordinary household soap

QUESTION 13

1.The Revised Article 3 of the Uniform Commercial Code is called "Negotiable Instruments" rather than "Commercial Paper."

True

False

QUESTION 14

1.The signature of the drawer or maker of a negotiable instrument can appear anywhere on the face of the document.

True

False

QUESTION 15

1.A holder is the same as a holder in due course.

True

False