OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

Under ORC Chapter 1301, what is the implied warranty of fitness for a particular purpose?

The goods must be fit for any purpose the buyer can imagine When the seller knows the buyer's particular purpose and the buyer relies on the seller's expertise, the goods must be suitable for that purpose All goods must last at least one year The warranty applies only to new goods

Correct Answer:

When the seller knows the buyer's particular purpose and the buyer relies on the seller's expertise, the goods must be suitable for that purpose

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