Multiple choiee and true-false. Circe the correct answer on this sheet. Worth 4
ID: 1130938 • Letter: M
Question
Multiple choiee and true-false. Circe the correct answer on this sheet. Worth 4 poins each. 1)Jason orders a hundred remote-controlled toy cars from RyBy Toys. In the contra is stipulated that RyBy Toys would ship the toy cars via FlyByNight, a national car service. RyBy Toys makes the arrangements and hands over the toy cars, but withe their remote controllers, to FlyByNight, to be delivered to Jason. If the goods are destroyed in transit, which of the parties would bear the risk of loss in accordance the sales contract? A) Jason would bear the risk of loss irrespective of the fate of the goods. B) FlyByNight would bear the risk of loss as they had the responsibility to deliv goods. C) RyBy Toys would bear the risk of loss as they shipped nonconforming good D) The risk of loss would be shared by Jason and RyBy Toys 2) The advantage of a holder in due course over a simple holder of a negotiabl instrument is that the holder in due course can: A) indorse the instrument "without recourse," thus limiting his liability. fer the instrument to others, thus using it as a substitute for money. B) trans C) collect on the instrument even if it has been forged. D) collect on the instrument if the maker or drawer asserts a personal defens E) collect punitive damages from a party who wrongly does not pay a negot instrument. A statement that negates express and implied warranties is known as a A warranty disclaimer. ) limited warranty C) warranty infringement. D) warranty of no interference. 4) If a tenant disturbs other tenants in the same building, the problem m between the tenants, and the landlord is not required take any action. True al 5) In a condominium development, the common areas are owned: A) by the unit owners as joint tenants. B) by a corporation.Explanation / Answer
B) flybynight would bear the risk of loss as they had the responsibility to deliver goods.
E) collect punitive damages from a party who wrongly does not pay a negotiable instrument.
A) warranty disclaimer
False, landlord has to take the required action as the property rings to him.
5) all unit owners who hold undivided interests in the elements.
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