CA Foundation Exam > CA Foundation Questions > Which one of the following is not an implied ...
Start Learning for Free
Which one of the following is not an implied warranty?
- a)Warranty as to undisturbed possession.
- b)Warranty as to existence of encumbrance.
- c)Disclosure of dangerous nature of goods.
- d)Warranty as to quality or fitness by usage of trade.
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Which one of the following is not an implied warranty?a)Warranty as to...
Implied Warranties
Implied warranties are the warranties that are not explicitly stated or written in the contract, but they are automatically imposed by law. There are two types of implied warranties:
1. Implied Warranty of Merchantability - It is an implied warranty that the goods sold are fit for their ordinary purpose.
2. Implied Warranty of Fitness for a Particular Purpose - It is an implied warranty that the goods sold are fit for a particular purpose for which the buyer intends to use them.
Not an Implied Warranty
The warranty as to existence of encumbrance is not an implied warranty. It is a warranty that is explicitly stated in the contract. It is a warranty that ensures that the seller has the legal right to sell the goods, and there is no lien or other encumbrance on the goods.
Other Implied Warranties
There are two other implied warranties that are recognized by law:
1. Warranty as to Undisturbed Possession - It is an implied warranty that the buyer will have undisturbed possession of the goods, and there will be no interference from any third party.
2. Warranty as to Quality or Fitness by Usage of Trade - It is an implied warranty that the goods sold are of the quality and fitness that is customary in the trade.
Disclosure of Dangerous Nature of Goods
Although not an implied warranty, the seller has a duty to disclose the dangerous nature of the goods to the buyer. This duty arises when the seller knows or should have known about the dangerous nature of the goods and the buyer would not have discovered it on his own.
Conclusion
In conclusion, the warranty as to existence of encumbrance is not an implied warranty. It is explicitly stated in the contract. There are other implied warranties, including warranty as to undisturbed possession and warranty as to quality or fitness by usage of trade. The seller also has a duty to disclose the dangerous nature of the goods to the buyer.
Implied warranties are the warranties that are not explicitly stated or written in the contract, but they are automatically imposed by law. There are two types of implied warranties:
1. Implied Warranty of Merchantability - It is an implied warranty that the goods sold are fit for their ordinary purpose.
2. Implied Warranty of Fitness for a Particular Purpose - It is an implied warranty that the goods sold are fit for a particular purpose for which the buyer intends to use them.
Not an Implied Warranty
The warranty as to existence of encumbrance is not an implied warranty. It is a warranty that is explicitly stated in the contract. It is a warranty that ensures that the seller has the legal right to sell the goods, and there is no lien or other encumbrance on the goods.
Other Implied Warranties
There are two other implied warranties that are recognized by law:
1. Warranty as to Undisturbed Possession - It is an implied warranty that the buyer will have undisturbed possession of the goods, and there will be no interference from any third party.
2. Warranty as to Quality or Fitness by Usage of Trade - It is an implied warranty that the goods sold are of the quality and fitness that is customary in the trade.
Disclosure of Dangerous Nature of Goods
Although not an implied warranty, the seller has a duty to disclose the dangerous nature of the goods to the buyer. This duty arises when the seller knows or should have known about the dangerous nature of the goods and the buyer would not have discovered it on his own.
Conclusion
In conclusion, the warranty as to existence of encumbrance is not an implied warranty. It is explicitly stated in the contract. There are other implied warranties, including warranty as to undisturbed possession and warranty as to quality or fitness by usage of trade. The seller also has a duty to disclose the dangerous nature of the goods to the buyer.
Free Test
FREE
| Start Free Test |
Community Answer
Which one of the following is not an implied warranty?a)Warranty as to...
B) is the answer.
it should be non-existence of encumbrance
it should be non-existence of encumbrance
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer?
Question Description
Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer?.
Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which one of the following is not an implied warranty?a)Warranty as to undisturbed possession.b)Warranty as to existence of encumbrance.c)Disclosure of dangerous nature of goods.d)Warranty as to quality or fitness by usage of trade.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup