Asked by Khush Bhullar on Jul 20, 2024
Verified
Unless the seller proves otherwise, the UCC assumes that the seller has good and valid title to the goods.
UCC
A complete array of regulations for all commercial activities in the United States is outlined by the Uniform Commercial Code (UCC).
Valid Title
A legal term indicating that the ownership of an asset or property is legitimate and recognized by law.
- Recognize situations where the UCC assumes the seller has valid title and the implications on warranties of title.
Verified Answer
DP
Danielle PattersonJul 23, 2024
Final Answer :
True
Explanation :
Under the Uniform Commercial Code (UCC), there is an implied warranty that the seller has good and valid title to the goods being sold, and unless the seller disclaims this warranty or the buyer has reason to know otherwise, it is assumed that the seller can transfer clear title to the buyer.
Learning Objectives
- Recognize situations where the UCC assumes the seller has valid title and the implications on warranties of title.
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