Questions and Answers
What does UCC 2-314 refer to?
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.
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?
Signup and view all the answers
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz focuses on UCC 2-314, which deals with the implied warranty of merchantability and usage of trade. Learn key aspects of warranties in goods exchanged between merchants, including definitions and conditions for quality assurance. Perfect for law students and professionals looking to reinforce their understanding of commercial law.
