Reference no: EM131681699

1. Which of the following statements by a salesperson would constitutes an express warranty for a buyer?
A. "This refrigerator is a great value; you will not find a better deal."
B. "This is the best TV we sell; I plan to buy one myself."
C. "This car is the most reliable and safest vehicle on the road today."
D. "This truck had the engine replaced last year."

2. Charles received an offer from Seller that stated: "I will sell you my car for $8,500. You have 10 days to accept." On day 4, Charles called Seller and stated he would pay $8,000 for the car; Seller refused to accept $8,000. Which of the following is true?
A. There is no contract; Seller is free to sell the car to another buyer.
B. Charles has 6 more days to consider Seller's offer to buy the car for $8,500; Seller cannot sell the car to another buyer for 6 days.
C. If Seller changes her mind within 6 days, she can make Charles buy the car for $8,000.
D. If Charles later tells Seller by day 10 that he will buy the car for $8,500, a contract is automatically formed.

3. Buyer and Seller orally agree to a contract for the sale of 400 shirts at $10 per shirt. Seller fails to perform and deliver the shirts; Buyer sues. This contract is:
A. Enforceable because the Statute of Frauds does not ever apply to sales of shirts.
B. Unenforceable unless both parties are merchants.
C. Unenforceable because the contract is not in writing.
D. Enforceable; the Statute of Frauds is applicable to this agreement but oral contracts are binding if both parties are merchants.