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

This sales contract has an express warranty, as Jasper made a specific claim about the value of the painting and implied that it was worth more than the asking price. The condition that Jasper would take the painting back and refund Sam if it was worth less than $15,000 also indicates an express warranty. The other options do not apply in this scenario as there is no indication that Jasper made any guarantees about the merchantability or fitness of the painting, and his statements about its value were opinions rather than warranties.

Sam Expressed Interest in Buying a Painting from Jasper, Who