BL Unit IV Assessment 1 of 3

Bl Unit IV Assessment Name: Institution: Date: BL UNIT IV ASSESSMENT The uniform commercial code refers to a group of uniform acts designed with the intentions of streamlining commercial transaction laws between various American states (Cheeseman, 2003). Article 2 is one of the most prominent sections of UCC. This section governs the sale of goods to consumers while other contracting between parties is governed by the common law, and it defines goods as anything that is movable. There are four warranties under article 2 that include warranty against infringement, warranty of title, implied warranty of fitness and warranty of merchantability. Warranty of title protects the buyers. It guarantees the buyer that the seller is knowledgeable on the goods they are selling (Cheeseman, 2009). For example, if the seller sells something that the buyer later finds that is not fit for the purpose it was intended, they are protected to refund the good at the expense of the seller. The other is the warranty of fitness (Cheeseman, 2003). This protects the purchaser only in cases where the mercha...