Themis Essay 884 Flashcards
Warranties
An express warranty can be made
subsequent to the contract for sale.
No consideration is needed in order to
make a modification in good faith under the UCC.
Whenever a seller is a merchant with respect to the goods sold,
a warranty that the goods are merchantable is implied in a contract for the sale of the goods.
For goods to be merchantable, they must be
fit for their ordinary purpose and pass without objection in the trade under the contract description.
A breach of the warranty of merchantability must have
been present at the time of sale.
There is no implied warranty with respect to defects of goods where
an examination ought to have revealed the defects to the buyer.
A seller may disclaim the implied warranty of merchantability by:
(i) disclaiming orally or in a conspicuous writing; (ii) using the term “merchantability”; or (iii) using “as is” or similar language that makes plain that there is no implied warranty.
A warranty that goods are fit for a particular purpose is implied whenever
the seller has reason to know (from any source, not just from the buyer) that the buyer has a particular use for the goods.
Any promise, affirmation, description, or sample that is part of the basis of the bargain is
an express warranty, unless it is merely the seller’s opinion of the value of the goods.