Can a seller disclaim or limit warranties required by the UCC? If so, explain how.
What will be an ideal response?
The UCC permits express and implied warranties to be disclaimed, provided that the buyer is made aware of the disclaimers at the time the sales contract is formed. To disclaim an implied warranty of fitness for a particular purpose, the disclaimer must be in writing and be conspicuous (printed in larger or contrasting type or in a different color, for example). A merchantability disclaimer must mention the wordmerchantability,but it need not be in writing. If it is made in writing, the writing must be conspicuous. Generally speaking, unless circumstances indicate otherwise, the implied warranties are disclaimed by the expression "as is," "with all faults," or similar language that is commonly understood by both parties as meaning that there are no implied warranties.
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A legal technician or independent paralegal differs from a freelance paralegal in which of the following ways??
A. ?A legal technician can practice law. B. ?A legal technician does not work under the supervision of an attorney. C. ?A legal technician must have an undergraduate degree from an approved university. D. ?None of these choices is correct.
Federal law requires a summary of the financial transaction for the purchase and sale of real estate. Mortgage lenders, real estate agents, and attorneys must be able to complete the summary, although the closing agent is typically the party who completes and submits it:
A. IRS 1099-S Settlement Sheet B. HUD -1 Settlement Sheet C. FTC Settlement Sheet D. Truth in Lending Settlement Sheet
KeyCite for the CFR is available on which site?
A) Lexis B) Westlaw C) Government Printing Office D) Legal Information Institute (Cornell)
The paralegal will analyze the documents requested, and object to any that are privileged
Indicate whether the statement is true or false