Business Law Ver B. Essay - 2361 Words

Matthew Jangaard Fall 2016 Business Law Ver B Professor Bradley Chapters 1, 2, 3, 5 and 6 1. False According to the Overlapping Warranty theory, both an implied warranty of merchantability and implied warranty of ï ¬ tness for a particular purpose can exist in a single transaction and would be construed as cumulative. An overlapping warranty occurs when two or more warranties are made in a single transaction. 2. False The quantity of goods must be mentioned and expressed in the sale of contract. If the quantity term is not provided the court could declare the contract to be void. Indeï ¬ niteness leaves the contract to be incomplete. 3. True According to the risk of loss theory, the risk of loss passes to the buyer from the seller depending on the contract between the two parties. 4. True The doctrine of commercial impracticability does not extend to problems that could have been foreseen. According to The Perfect Tender Rule, only unforeseeable events provide a defense. 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