Eliza buys a car from TinCar Autos with a warranty that says any defect of the car will be repaired or replaced free for a period of six months after the sale. TinCar has taken security interests in the car
Before completely paying off for the car, Eliza sells the car to Mona for cash. Mona is unaware of TinCar's security interest in the car. After Eliza misses several of her payments, TinCar discovers that Mona has the car, and repossesses it. Which warranty breach can Mona assert to recover from Eliza?
A) warranty of no security interests
B) warranty against infringements
C) warranty of good title
D) warranty of no interference
A
You might also like to view...
The null hypothesis for ANOVA is that all means are not equal
Indicate whether the statement is true or false
Product throughput time refers to the amount of time that a product spends in a production cell
Indicate whether the statement is true or false
Bob and April own a house at the beach. The house was rented to unrelated parties for eight weeks during the year. April and the children used the house 12 days for their vacation during the year. After properly dividing the expenses between rental and personal use, it was determined that a loss was incurred as follows: Gross rental income $4,000 Less: Mortgage interest and property taxes$3,500 Other allocated expenses 2,000 (5,500) Net rental loss ($1,500) ? What is the correct treatment of the rental income and expenses on Bob and April’s joint income tax return for the current year assuming the IRS approach is used if applicable?
A. A $1,500 loss should be reported. B. Only the mortgage interest and property taxes should be deducted. C. Since the house was used more than 10 days personally by Bob and April, the rental expenses (other than mortgage interest and property taxes) are limited to the gross rental income in excess of deductions for interest and taxes allocated to the rental use. D. Since the house was used less than 50% personally by Bob and April, all expenses allocated to personal use may be deducted. E. Bob and April should include none of the rental income or expenses related to the beach house in their current year income tax return.
You have been instructed to develop a cell phone policy for members of your organization. What are the major elements you will include in the policy?