Under the Magnuson-Moss Act, what is the effect of a full warranty? Multiple Choice o o It means only that the good or its defective part will be repaired. The buyer has no other remedy O It means that if the good fails or is defective, the good or its defective pe will be replaced, and if replacement cannot be timely effected the buyer has the right to a refund or a full replacement o o It means that the buyer must be immediately refunded the full purchase price. o It means that the buyer has the option of an immediate refund of the full purchase price or repair of the good. It means that the good or its defective part will be repaired or replaced it cannot be repaired. The buyer has no other remedy Lonnie and Pamela have been negotiating a contract over the phone for a prime piece of property, Pamela believes that they have a contract due to all of Lonnie's assertions and begins to clear the trees and brush. If Lonnie tries to indicate that there is not a contract because all the assertions are oral, Pamela could use the exception to prove there is in fact a contract Multiple Choice O substantial performance ) sales substantiation o the purchase proof rule O partial performance Loren and tra's contract is in dispute. Loren makes an offer to accept less money than the parties agreed on and Izra pays the new amount. Loren and Izra have completed ain) Multiple Choice detrimental reliance contract o o acknowledged change order o compliance agreement o C) Satisfactory past consideration contract O O accord and satisfaction Veronica and Paul are arguing about whether or not states have any rights under the UCC. If you were explaining state's rights under the UCC, which of the following is true regarding state rights in relationship to the UCC? Multiple Choice Each state is allowed to rewrite parts of the UCC to reflect the wishes of its state legislature and they become part of that state's commercial code Since the UCC is a federal law, states have no right to change it. State Legislatures may make changes to Article 2 of the UCC but not to any other articles States must adopt the UCC in full or not at all State legislatures may make changes to Article 2 and Article 21 of the UCC but not to any other articles