The serving of food or drink on the premises of a restaurant creates: a. an expressed warranty b. a warranty of subjective satisfaction. c. an implied warranty of merchantability d. the sale of food is not within the definition of a sale of goods. 36. Johnson purchased a stepladder at a garage sale from Wolf, a TCC college student. The ladder collapsed the first time it was used. Wolf is responsible under a. a warranty of merchantability b. a warranty of fitness for particular purpose. c. an expressed warranty d. none of the above answers are correct. 37. The following warranty cannot be disclaimed, but can be limited: a. warranty of fitness for particular purpose. b. warranty of merchantability c. warranty of title. d. expressed warranty 38. A check is made out to cash. A thief finds it and steals it. a. The thief now the owner of the check. b. The thief can transfer a good title to this instrument to a holder in due course even if the thief has no other rights regarding the paper c. The thief is a holder in due course (HDC) dThe thief is both the holder and a holder in due course (HDC). 39. A security interest in collateral: a. must be obtained by possession. b. eliminates the need for a financing statement. c. is effective after attachment. d. is lost when attachment occurs. 40. A secured interest can only be attached and perfected in: a. Real property b. Personal tangible property c. A service contract. d. Personal tangible or personal intangible property The serving of food or drink on the premises of a restaurant creates: a. an expressed warranty b. a warranty of subjective satisfaction. c. an implied warranty of merchantability d. the sale of food is not within the definition of a sale of goods. 36. Johnson purchased a stepladder at a garage sale from Wolf, a TCC college student. The ladder collapsed the first time it was used. Wolf is responsible under a. a warranty of merchantability b. a warranty of fitness for particular purpose. c. an expressed warranty d. none of the above answers are correct. 37. The following warranty cannot be disclaimed, but can be limited: a. warranty of fitness for particular purpose. b. warranty of merchantability c. warranty of title. d. expressed warranty 38. A check is made out to cash. A thief finds it and steals it. a. The thief now the owner of the check. b. The thief can transfer a good title to this instrument to a holder in due course even if the thief has no other rights regarding the paper c. The thief is a holder in due course (HDC) dThe thief is both the holder and a holder in due course (HDC). 39. A security interest in collateral: a. must be obtained by possession. b. eliminates the need for a financing statement. c. is effective after attachment. d. is lost when attachment occurs. 40. A secured interest can only be attached and perfected in: a. Real property b. Personal tangible property c. A service contract. d. Personal tangible or personal intangible property