UCC Warranties
Lesson:
Under the Uniform Commercial Code, buyers are protected by four types of warranties.
They are:
- Warranty of Title - This warranty guarantees the goods are free from undisclosed liens, encumbrances, or claims of third parties.
- Express Warranty - This warranty guarantees that explicitly stated promises, descriptions, and samples are reliable.
- Implied Warranty of Merchantability - This warranty guarantees that the goods are fit for their ordinary intended purposes
- Implied Warranty of Fitness for a Particular Purpose - This warranty guarantees that the buyer can rely on the seller's expertise when he suggests the items as a solution for a particular purpose.
Oscar corp. is trying to understand the warranties that are attached to each of its sales, as defined under the UCC.
Here are the relevant facts:
- Oscar corp. guaranteed that the tomato seeds will produce fruit within 75 days of planting.
Under the UCC, which category of warranty does Oscar corp. need to worry about in this situation?
Answer:
- Express Warranty
Explanation:
-
This warranty guarantees that explicitly stated promises, descriptions, and samples are reliable.