BL Chapter 7: Consumer Law and Contracts

What are the three types of implied warranties?

A guarantee, usually by a seller to a buyer, that a product will perform as promised

Any commonly used method of dealing in a particular area is called...

When a breach of contract occurs, some of the seller's remedies include all EXCEPT:

What is the term for the collection of laws that govern various types of business transactions?

The statute of limitations cannot be reduced to less than...

Someone who buys or leases goods, real estate, or services for personal, family, or household

Under the telemarketing sales rule, calling times are restricted to when?

Sales law applies to which of the following?

An oral sales contract is enforceable for goods totaling less than...

This is a business or person who regularly deals in the sale of goods

The governmental agency that promotes free trade and fair competition

The dominant element of a contract determines if the UCC laws for the sale of goods applies.

An express warranty is a representation on the quality of products & can be made in what 3 ways

Under this act, a written warranty on goods exceeding $10 must disclose whether it is limited

Requires lease agreements to include certain terms, such as number of payments and amount

Which of the following are examples of goods?

When a store advertises bargains that do not really exist in hopes of luring in customers

This rule gives your 3 business days to cancel a transaction made off the seller's premises

This is a merchant's written promise to hold an offer open without consideration.

This is a legal interest in the protection of property from injury, loss, or destruction

Warranty of fitness for a particular purpose is...