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Assignment 3

Professor: Hiram A. Paz

Business Law

Bethania Cruz

Florida National University

November 23, 2019

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1- Warranty of merchantability is when someone buys a product and that products

does not have worked as the expected, so the customer goes to the store or online, he/she

ask for returned. It did want to be written or spoken by the parts before, it is just an ethic

decision; buy a product, the product did not work as it was supposed to, the costumer has

the right of return it, it is a common law jurisdiction.

2- Warranty of fitness for a particular purpose is when a client asks the seller for

some good that will fit specific purpose, but instead of attending exactly what was asked,

the seller provides something else. An excellent example would be a customer that wanted

a snow tire for his/her car but the mechanic provided a tire that wan not good to drive in

snow.

3- A disclaimer is any statement between two or more legal parts, which can

provide obligations or rights inside the agreement, for one part or all of them. An example

that could be used is a restaurant that could disclaim responsibility for loss or damage to

customer’s personal property.

4- Personal property is movable things; it is anything that can be ownership, like a

car, a book, a chair or anything like that. Real property are immovable things, it is anything

attached to land, like a house, a farm or physical store.

5- Abandonment means to give up or a renunciation of some right, interest, claim,

possession or privilege. In the majority of the cases, the person is determined never
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resuming or reasserting the cited case again. Abandonment is an intentional action, as such,

it will be considered discontinuance or a waiver of the process.

6- Bailment is nothing else than the name of the action of transferring some

property, being either personal or real, to another person. It is the fact and action of

changing possession of some property. Example, if today I am the owner of a house, but I

have sold it, and tomorrow I will pass the possession that I have over it to the next owner.

Who bought it from me will have the possession until he/she decides to sell it to another

person, and again, the possession will move to the next owner; what is called bailment.
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REFERENCES

Ashcroft, J. D., Ashcroft, K. M., & Patterson, M. A. (2017). Law for business. Australia: Cengage

Learning.

Folk, A. (2018, June 21). Types of Bailments. Retrieved from

https://www.legalmatch.com/law-library/article/bailment-lawyers.html.