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Sale of Goods_Warranties_ Buying a Car Review

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					Sale of Goods/Warranties/ Buying a Car Review
Business Law Gary Nelson

Sale of Goods
• What is the difference between a merchant and a nonmerchant?

Sale of Goods
• What is the name of the federal agency that ensures fair practices among businesses?

Sale of Goods
• What is a contract of adhesion?

Sale of Goods
• What is the name of the federal law that requires sellers to disclose the financing charge and APR?

Sale of Goods
• When is a warranty of fitness for a particular purpose created?

Sale of Goods
• What is a “firm offer”? • What is the time limit for a “firm offer” under the UCC?

Sale of Goods
• In what type of contract do title and risk of loss pass to the buyer when goods are delivered to the carrier?

Sale of Goods
• A contract by which ownership of goods is shifted from seller to buyer for a price is a what?

Sale of Goods
• What are identified goods?

Sale of Goods
• The right of ownership of goods is known as what?

Sale of Goods
• What is a bill of lading? • What is a warehouse receipt?

• Does the Implied Warranty of Merchantability apply if the seller is
– a private party? – a merchant? – a nonmerchant?

Warranties

Warranties
• Does the word “guaranteed” imply that a product has adequate protection?

Warranties
• If stolen goods are sold to an innocent third party, is the original owner entitled to the return of the goods?

Warranties
• Does a warranty protect only persons who are in privity of contract?

Warranties
• Are sellers ever allowed to exclude warranties?

Warranties
• What is meant by a “limited warranty?”

Warranties
• What does the term “lifetime guarantee” mean?

Warranties
• How long does the buyer have to notify the seller of a breach of warranty?

Warranties
• Where might one find an express warranty?

Warranties
• What is the difference between an express warranty and “puffing” or “sales talk?”

Warranties
• Does an express warranty have to contain formal words such as “warranty” or guarantee?”

Warranties
• May an oral statement be used in court to supercede a written statement?

Warranties
• What type of warranty is created by an oral statement of fact or promise?

Warranties
• A guarantee that the seller's product is not defective and is suitable for its intended use is called what?

Warranties
• A guarantee of quality imposed by law and not in writing is called what?

Warranties
• A guarantee that goods are free of financial obligation is called what?

Warranties
• A warranty that provides restricted protection is called what?

Warranties
• An exclusion to the implied warranty of fitness for a particular purpose must be written and what?

Warranties
• What is the name of the federal law making requirements for written warranties on products?

Warranties
• Goods must be fit for the ordinary purpose of such goods under the implied warranty of what?

Warranties
• A warranty that promises to fix or replace a defective product free of charge for a certain time period is called what?

Cars
Which is the least expensive, leasing or buying?

Cars
• Do lemon laws protect consumers who buy both new and used cars?

Cars
• Is credit insurance required for a loan?

Cars
• Does federal law require that important disclosures be made in automobile advertisements?

Cars
• May car dealers in many states exclude implied warranties with a phrase such as “with all faults”?

Cars
• Must a Buyer’s Guide be displayed in the window of each new or used car?

Cars
• Does the Buyer’s Guide have to state a vehicle’s fuel economy rating?

Cars
• Does property damage liability insurance coverage cover damage to the insured person’s own car?

Cars
• Do federal bumper standards apply to imported as well as domestic cars?

Cars
• A vehicle that has been driven more than the distance necessary for delivery or testing is considered to be what?

Cars
• Insurance that pays for damage from some type of impact to the insured’s own car is called what?

Cars
• The federal regulation that requires used car dealers to place warranty information in car windows is called what?

Cars
• Insurance that protects the insured’s car from acts of nature, vandalism, or theft is called what?

Cars
• What is the name of the law that mandated average fuel economy standards?

Cars
• What is the name of insurance that covers injuries to others if the insured is at fault?

Cars
• What is the maximum age of a car to qualify under the new car lemon law?

Cars
• Before buying a car from a private party you should ask to see what?

Cars
• What are the financing advantages of leasing a car as opposed to buying?

Cars
• What is the name of the large window sticker that used car dealers must affix to the vehicle?

Cars
• When you buy a car from a private party you should examine the back of the certificate of title to see if anyone holds a _______ interest in the car.

Cars
• It is a violation of federal law to do what to an odometer?

Cars
• Some states, but not Texas, require a require auto repair shops to be insured or _____.

Cars
• What is the name of the type of laws that require that car owners or drivers are able to pay for damages?

Cars
• What is the advantage of having a deductible clause in your comprehensive insurance policy?

Cars
• The Texas Lemon Law requires that the vehicle owner notify the manufacturer of the defect and then give the manufacturer ________ attempt(s) to repair the defect.

Cars
• The Texas Lemon Law covers defects which _____ impact the value of the vehicle.


				
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posted:11/3/2009
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