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Questions and Answers
What does UCC 2-314 refer to?
What does UCC 2-314 refer to?
- UCC 2-315
- Express Warranty
- Implied Warranty: Merchantability (correct)
- Warranty of Fitness for a Particular Purpose
What does UCC 2-314 1 entail?
What does UCC 2-314 1 entail?
Warranty for goods exchanged between merchants exists (expressed AND implied); the goods are guaranteed to be of certain quality.
List three provisions outlined in UCC 2-314 2.
List three provisions outlined in UCC 2-314 2.
a. Goods pass without objection under description, b. Fungible goods are fair and average quality, c. Ordinary purpose for goods used.
What can arise from UCC 2-316?
What can arise from UCC 2-316?
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Study Notes
Implied Warranty of Merchantability
- UCC 2-314 outlines the implied warranty of merchantability applicable to goods sold between merchants.
- This warranty guarantees that goods meet specific quality standards and are suitable for ordinary use.
Warranty Existence
- An implied warranty exists when goods are traded between merchants, encompassing both expressed and implied warranties.
- Merchants are expected to provide goods that conform to certain quality benchmarks.
Conditions for Quality Assurance
- Goods must be free from objection when described and must meet standard expectations under that description.
- Fungible goods must possess average and fair quality, ensuring uniform standards.
Usage in Ordinary Purpose
- The warranty applies particularly to goods intended for ordinary purposes, emphasizing their functional adequacy for general use.
Connection to Other Warranties
- Other types of warranties may arise from different sections in the UCC, specifically referencing UCC 2-316, which addresses limitations or exclusions of implied warranties.
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