Asked by Travis Williams on May 26, 2024
Verified
Under the Uniform Commercial Code,a buyer must bring a lawsuit on a breached contract within ________ of when the breach occurred or when the buyer became aware of it.
A) 180 days
B) one year
C) three years
D) four years
E) six years
Breached Contract
A situation where one party fails to fulfill their obligations under a contract, resulting in a violation of the agreement.
Uniform Commercial Code
A collection of statutes that establish the legal framework for conducting business or commercial activities within the United States.
Lawsuit
A legal action brought by one party against another in a court of law for the resolution of a dispute.
- Understand the consequences of failing to adhere to the statute of limitations as outlined in the Uniform Commercial Code on warranty entitlements.
Verified Answer
Learning Objectives
- Understand the consequences of failing to adhere to the statute of limitations as outlined in the Uniform Commercial Code on warranty entitlements.
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