Friday, March 07, 2008

CPA_MCQ_2

Thorn purchased a used entertainment system from Sound Corp. The sales contract stated that the entertainment system was being sold "as is." Under the Sales Article of the UCC, which of the following statements is (are) correct regarding the seller's warranty of title and against infringement?

I. Including the term "as is" in the sales contract is adequate communication that the seller is conveying the entertainment system without warranty of title and against infringement.
II. The seller's warranty of title and against infringement may be disclaimed at any time after the contract is formed.

a. I only.
b. II only.
c. Both I and II.
d. Neither I nor II.

Correct Ans - d

No comments: