Asked by Ishara Ranathunga on Jul 04, 2024
Verified
Creekside Mill enters into a contract for a sale of lumber to Development Company. The mill knows the purpose for which the buyer will use the goods. Under the UCC, an implied warranty of fitness of a particular purpose arises if
A) the buyer relies on the seller to select suitable goods.
B) the goods are merchantable.
C) a particular purpose coincides with the ordinary purpose of the goods.
D) the seller believes that a product is fit for a particular purpose.
Implied Warranty
A legal term referring to the assurances that a product will perform as expected, even though not explicitly stated by the seller.
Fitness
A state of health and well-being, often achieved through regular physical activity, proper nutrition, and adequate rest.
Suitable Goods
Products that meet a buyer's requirements and are fit for the intended purpose, adhering to descriptions or samples shown at the time of sale.
- Examine how trade practices and the concept of merchantability influence the anticipations and duties within sales agreements.
- Gain an understanding of the laws regulating warranties during the sale and leasing processes of goods.
Verified Answer
Learning Objectives
- Examine how trade practices and the concept of merchantability influence the anticipations and duties within sales agreements.
- Gain an understanding of the laws regulating warranties during the sale and leasing processes of goods.
Related questions
Precision Parts Corporation and Competitive Merchants Who Deal in Goods ...
Garcia Purchases a Used Shotgun from Andy,who Had Purchased It ...
To Be Legally Enforceable,an Express Warranty Must Be in Writing
Under the UCC,an Implied Warranty Is a Warranty That Is ...
Lori Went into an Electronics Store That Had a Sign ...