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UCC
Warranties
Consumer Law
Neg. Instrum.
Misc.
100
Article 2 of the UCC covers this
What is sale of a good?
100
The 2 types of warranties are this
What are express and implied?
100
The name of the act that prohibits abusive, deceptive, and unfair practices by collection agencies.
What is the Debt Collection Practices Act?
100
The 4 types of negotiatible instruments
What are drafts, checks, promissory notes, and CD's?
100
When you give an accommodation shipment you are violating what rule
What is the Perfect Tender Rule?
200
The definition of a good under UCC
What is a tangible and movable thing?
200
This is not considered a warranty
What is puffery?
200
The name of the agency that regulates the safety of our products.
What is the Consumer Product Safety Commission?
200
Who are the parties to a check?
What is the drawer, drawee, payee?
200
A statement that you do not want to establish any warranties is called this.
What is a disclaimer?
300
The second question you need to ask to see if Article 2 applies
What is are you a merchant
300
The type of warranty that states that goods must be fit for the ordinary purpose
What is implied warranty of merchantability?
300
The name of the Act where the receiver is not obligated to return "unsolicited" items to the sender.
What is the Postal Reorganization Act?
300
The maker of a CD
Who is the bank?
300
The location a signature of a drawer must appear
What is anywhere on the face of the check or draft?
400
These terms (name at least 3) can be considered open terms under the UCC
What is Open - price, payment, delivery, time, or assortment?
400
The 2 different tests under the Implied Warranty of Fitness fit for Human Consumption
What are the Consumer Expectation Test and the Foreign Substance Test?
400
Name 3 Consumer Laws that we covered in this chapter
What is deceptive advertising, labeling and packaging, sales, credit protections, consumer health and safety, state consumer protection?
400
Type of check that only has 2 parties
What is a cashier's check?
400
Two things that make a Traveler's Check unique from other types of checks.
What are the drawer's signature appears twice and it is issued without a named payee?
500
Under the UCC, buyers like these 2 types of contracts while sellers like these 2 types
What is requirements and destination contracts for buyers and output and shipment contracts for sellers?
500
The name of the law that states that if you make express warranties, you must follow this law.
What is Magnuson-Moss?
500
The agency that monitors deceptive advertising is called this
What is FTC?
500
An indorsement that converts a check from order to bearer
What is a blank indorsement?
500
Timeframe for a stale check and for stop payment orders
What is 6 months - Stale; Oral Stop - Payment - 14 days; Written Stop-Payment - 6 months?