Implied warranties in sales of goods fall into 2 categories. One of these is implied
warranty of:
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Merchantability
Which type(s) of secured transactions is the debtor allowed to retain possession of
the collateral property.
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Chattel Mortgage and Conditional sale only
,Maxco sent unsolicited credit cards to 500 people who had credit scores of 800 or
better. Which law does this violate?
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Truth in Lending act
While any type of property can be accepted as security by a creditor, most collateral
falls into one of 5 forms. Name one of these 5 forms:
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Inventory
NOT:
-wages
-real estate
-services
Jason wants to buy a $5,000 TV from Toby and agrees to pay for it in 12 monthly
installments. In order for Toby to perfect his security interest in the TV, he can:
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He can file a copy of the purchase agreement in a public records office
Contracts for sales of goods can contain statutory warranties, as well as the sellers
warranties, which can be express of implied. A sellers overt words or actions can:
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Create an express warranty
Upon delivery, the buyer has the right to inspect the goods as a condition to
acceptance and payment. buyers have no right to inspect in what situation?
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When the carrier delivers the goods COD (Collect on Delivery)
A warehouse operator may be liable for damage that stored goods endure while
under the operators care. UCC article 7 allows a warehouse operator to limit liability
through:
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Terms in the warehouse receipt or storage agreement
To protect consumers, the Federal Trade Commission act attempts to ensure what:
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Free competition in the Marketplace
Important consumer protection provided by the Truth in Lending act is that:
warranty of:
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Merchantability
Which type(s) of secured transactions is the debtor allowed to retain possession of
the collateral property.
Give this one a try later!
Chattel Mortgage and Conditional sale only
,Maxco sent unsolicited credit cards to 500 people who had credit scores of 800 or
better. Which law does this violate?
Give this one a try later!
Truth in Lending act
While any type of property can be accepted as security by a creditor, most collateral
falls into one of 5 forms. Name one of these 5 forms:
Give this one a try later!
Inventory
NOT:
-wages
-real estate
-services
Jason wants to buy a $5,000 TV from Toby and agrees to pay for it in 12 monthly
installments. In order for Toby to perfect his security interest in the TV, he can:
Give this one a try later!
He can file a copy of the purchase agreement in a public records office
Contracts for sales of goods can contain statutory warranties, as well as the sellers
warranties, which can be express of implied. A sellers overt words or actions can:
, Give this one a try later!
Create an express warranty
Upon delivery, the buyer has the right to inspect the goods as a condition to
acceptance and payment. buyers have no right to inspect in what situation?
Give this one a try later!
When the carrier delivers the goods COD (Collect on Delivery)
A warehouse operator may be liable for damage that stored goods endure while
under the operators care. UCC article 7 allows a warehouse operator to limit liability
through:
Give this one a try later!
Terms in the warehouse receipt or storage agreement
To protect consumers, the Federal Trade Commission act attempts to ensure what:
Give this one a try later!
Free competition in the Marketplace
Important consumer protection provided by the Truth in Lending act is that:
