Question

A revocation of acceptance:

Group of answer choices

requires no notification.

is effective when the buyer notifies the seller.

is a breach of contract.

is accomplished only by a return of the goods

2.

If there is a written contract, a disclaimer of the implied warranty of merchantability must be conspicuous.

Group of answer choices

True

False

3

Where the contract is for identified goods and the goods are destroyed before the risk of loss has passed to the buyer, the seller must replace the goods because the contract remains in effect.

Group of answer choices

True

False

4

Which of the following does not constitute an acceptance?

Group of answer choices

examination by the buyer

retaining goods for an unreasonably long period of time

express statement of approval by the buyer

modifying the goods

Answer 1

Answer-1. Correct option is 'A'

A revocation of acceptance requires no notification. An acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards.

Answer-2. True

''If there is a written contract, a disclaimer of the implied warranty of merchantability must be conspicuous'', this statement is True. If the contract is written merchantability must be conspicuous. They include an implied warranty of fitness for a particular purpose, an implied warranty of merchantability for products, implied warranty of workmanlike quality for services, and an implied warranty of habitability for a home.

Answer-3. True

''Where the contract is for identified goods and the goods are destroyed before the risk of loss has passed to the buyer, the seller must replace the goods because the contract remains in effect'', this statement is True. When the risk of loss for goods passes from a seller to a buyer is generally determined by the contract between the parties. Under the shipment contract, the risk of loss passes to the buyers when the seller places conforming goods in the possession of the carrier.

Answer-4. Correct option is 'B'

Retaining goods for an unreasonably long period of time is not a constitute an acceptance. In order to be valid, acceptance of an offer has to be an acceptance of the same terms offered by the offeror. There should not be any variations, conditions or qualifications to the purported acceptance. Constitute an acceptance are include:

1) examination by the buyer

2) express statement of approval by the buyer

3) modifying the goods