Overview
The textbook, Business Law with UCC Applications, Chapter 13, Sales Contracts: Formation Title, and Risk of Loss, examines the UCC as a model act drafted by the American Law Institute. This model act contains uniform rules that govern commercial transactions.
The following scenario corresponds to the reading within the textbook.
Scenario
A contractor walks into a lumberyard and requests 2,500 cedar 2×4 studs. The contractor uses the studs to frame a floor deck for a garage over the basement. The contractor parks his Ram 1500 in the garage. The floor deck collapses, and the contractor calls the lumberyard to complain. The lumberyard’s response is, “You are out of your mind if you thought wood 2×4 studs would hold up a Ram 1500.”
Instructions
Define each of the listed warranties below and summarize the applicability of each.
Review UCC 2-313 (Express Warranties).
UCC 2-314 (Implied warranty of Merchantability).
UCC 2-315 (Implied Warranty of Fitness for a Particular Purpose).
Use at least three current, quality academic or authoritative sources in this assignment. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment.
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