Sam expressed interest in buying a painting from Jasper, who claimed that the painting was a family heirloom. Jasper's asking price was $15,000, but Sam was only willing to offer $13,000. Jasper told him that it was a very old painting worth a fortune and that others would gladly pay $20,000 for it. He also told him that he was only selling it under its market value because he needed the money immediately. He then implied that Sam could sell it for a higher rate if he wanted. Sam decided to buy the painting for $15,000 on the condition that if he found that the painting was worth less than $15,000, Jasper would have to take the painting back and refund Sam. Which of the following warranties did this sales contract have?

Question

Quizplus · Accepted Answer

The sales contract had an express warranty, as Jasper explicitly made a claim about the value of the painting and its potential resale value. Additionally, the contract included a condition of a refund if the painting was found to be worth less than the agreed-upon price, which further supports the existence of an express warranty.

Sam Expressed Interest in Buying a Painting from Jasper, Who