How can a seller avoid application of a warranty

Assignment Help Business Law and Ethics
Reference no: EM133190920 , Length: 2 pages

Question 1. List 3 main differences between a UCC Article 2 contract and a contract formed under common law.

HINT: These differences enable parties to make a contract quickly and informally.

Question 2. What is the difference between an express warranty and an implied warranty?

Question 3. How can a seller avoid application of a warranty?

Question 4. What 6 things make an instrument a negotiable instrument?

Question 5. What is the benefit of being a holder in due course?

Question 6. What three steps are necessary to create an enforceable security interest?

Question 7. Why is it important to "perfect" an interest in collateral?

Question 8. What are the 3 rules to establish which creditors have a better claim to collateral?

Reference no: EM133190920

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