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What Was the Court's Ruling on Appeal in First State

Question 10

Multiple Choice

What was the court's ruling on appeal in First State Bank & Trust Company of Shawnee v. Wholesale Enterprises, Inc., the case in the text involving whether the implied warranty of title should be extended to subsequent purchasers?


A) The court ruled that the implied warranty of title did not extend to subsequent purchasers.
B) The court ruled that the implied warranty of title did extend to subsequent purchasers.
C) The court ruled that the implied warranty of title extended only to subsequent purchasers who purchased within 12 months.
D) The court ruled that the implied warranty of title extended only to subsequent purchasers who purchased within 4 years.
E) The court ruled that the implied warranty of title extended only to the first three subsequent purchasers, but no further.

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