Asked by Yenifer Medina on Jun 06, 2024
Verified
Warranties of assignability under common law are the only warranties that are ________.
A) availability warranties.
B) for particular purposes.
C) implied warranties.
D) considered good title.
E) only allowed for goods over $10,000.
Warranties of Assignability
Guarantees that rights or interests can be transferred from one party to another in a contract or agreement.
Common Law
A body of unwritten laws based on legal precedents established by the courts.
- Identify circumstances under which the Uniform Commercial Code presumes a seller possesses a legitimate title and the consequences for title warranties.
Verified Answer
NM
Najwa MamatJun 08, 2024
Final Answer :
C
Explanation :
Implied warranties under common law include warranties of assignability, which are not explicitly stated but are assumed to be part of the contract, ensuring that the rights or property can be transferred or assigned.
Learning Objectives
- Identify circumstances under which the Uniform Commercial Code presumes a seller possesses a legitimate title and the consequences for title warranties.
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