Product liability action based on negligence

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Reference no: EM132171983

True or False questions,

1. Whether or not a buyer examines goods before entering into a contract, there is an implied warranty with respect to defects that an examination would reveal.

2. Privity of contract is required to hold a manufacturer liable in a product liability action based on negligence.

3. In a defense of comparative negligence, an injured party’s failure to exercise reasonable care against a known defect will be considered in determining liability.

4. Consumers may have more protection under state laws than under federal laws.

5. The Fair Debt Collection Practices Act applies to anyone who attempts to collect a debt.

6. There are no federal agencies that regulate sales.

7. An instrument that does not designate a specific payee is an order instrument.

8. Indorsements are required to negotiate order instruments.

9. An order instrument is payable to whoever properly possesses it.

Reference no: EM132171983

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