Asked by Akarshna Premanand on May 09, 2024
Verified
Which of the following statements characterizes an implied warranty of fitness?
A) It is covered under UCC section 402A.
B) The seller relies on the buyer's skill or judgment in making a purchase.
C) Any seller,merchant or nonmerchant,may make this implied warranty.
D) It has the same tests as those for implied warranty of merchantability.
Implied Warranty
A legal doctrine that automatically provides certain guarantees from the seller to the buyer, suggesting that the product or service is fit for its intended purpose.
UCC Section
a specific provision or part of the Uniform Commercial Code, which is a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.
- Comprehend the principles and legal consequences of explicit and implicit warranties in transactions.
- Understand the components and usage of the UCC warranties, particularly regarding suitability for a specific function.
Verified Answer
Learning Objectives
- Comprehend the principles and legal consequences of explicit and implicit warranties in transactions.
- Understand the components and usage of the UCC warranties, particularly regarding suitability for a specific function.
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