Asked by Jesse Shiber on May 04, 2024
Verified
In order for goods to be merchantable,the goods must ________.
A) pass without substantial objection in the trade or market for similar goods
B) pass without objection in the trade or market for similar goods; and be fit for the particular purpose(s) for which the buyer intends to use such goods
C) pass without substantial objection in the trade or market for similar goods; be fit for the particular purpose(s) for which the buyer intends to use such goods; and be adequately contained,packaged,and labeled as the agreement may require
D) pass without substantial objection in the trade or market for similar goods; be fit for the particular purpose(s) for which the buyer intends to use such goods; be adequately contained,packaged,and labeled as the agreement may require; and conform to the promises or affirmations made on the container or label (if any)
E) pass without objection in the trade or market for similar goods; be fit for the ordinary purposes for which such goods are used; be adequately contained,packaged,and labeled as the agreement may require; and conform to the promises or affirmations made on the container or label,if any
Merchantable
A quality of goods being fit for the purpose for which such goods are ordinarily used, a requirement for sales under many commercial laws.
Trade or Market
generally refers to a specific area or industry where goods and services are bought and sold.
Fit for Particular Purpose(s)
A legal concept that implies a sold item is suitable for the specific use intended by the buyer, which the seller is aware of.
- Acquire knowledge of the standards for violating warranties and the prerequisites for goods being classified as merchantable.
Verified Answer
AK
Ahlam KablawiMay 11, 2024
Final Answer :
E
Explanation :
Under the Uniform Commercial Code,goods must be merchantable,meaning that they must be able to pass without objection in the trade or market for similar goods; in the case of fungible goods,be of fair average quality within the description; be fit for the ordinary purposes for which such goods are used; be produced,within the variations permitted by the agreement,with even kind,quality,and quantity in each unit and among all units involved; be adequately contained,packaged,and labeled as the agreement may require; and conform to the promises or affirmations made on the container or label (if any).
Learning Objectives
- Acquire knowledge of the standards for violating warranties and the prerequisites for goods being classified as merchantable.