Asked by Yanisa Silalai on May 29, 2024
Verified
Sellers can effectively disclaim or modify title warranties by asserting that they are transferring only such rights, title, and interest as they have in the goods.
Title Warranties
Legal guarantees provided by a seller to a buyer that they possess a clear and unencumbered title to the property or goods being sold.
Disclaim or Modify
To reject, deny responsibility, or change terms and conditions in an agreement or statement.
Transferring Rights
The act of moving or assigning legal rights or interests from one party to another.
- Evaluate how sellers can disclaim or modify warranties and when such disclaimers or modifications are effective.
Verified Answer
YJ
Yessenia JimenezJun 05, 2024
Final Answer :
True
Explanation :
Under the Uniform Commercial Code (UCC), sellers can modify or disclaim title warranties by explicitly stating in the contract that they are transferring only the rights, title, and interest they have in the goods, which effectively limits the buyer's expectations and claims regarding the title.
Learning Objectives
- Evaluate how sellers can disclaim or modify warranties and when such disclaimers or modifications are effective.
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