Crytrin Manufacturing, Inc. contracted with Molfry, Inc. to manufacture three large pieces of equipment. The contract contained a clause stating that Crytrin agreed to repair or replace any defective equipment, but that was the only remedy Molfry would have. This clause
A. is an effective disclaimer.
B. will not keep Molfry from obtaining consequential damages since, under the UCC, consequential damages cannot be excluded.
C. is a limitation of remedy clause, which limits or excludes normal remedies permitted under the UCC.
D. limits any express warranties made by Crytrin.
Answer: C
You might also like to view...
Which of the following is the least profitable method of liquidating markdown merchandise?
A. Give the merchandise to charity. B. Consolidate the unsold merchandise. C. Sell the merchandise to another retailer. D. Carry the merchandise over to the next season. E. Place the remaining merchandise on an Internet auction site.
A location classified as a one-hundred percent location for one retailer would be a one-hundred percent location for all retailers
Indicate whether the statement is true or false
A quantitative job evaluation procedure that determines a job's relative value on the basis of quantitative assessments of specific job elements is known as
A. the point system. B. the job ranking system. C. the factor comparison method. D. the job grade system.
The minimum number of members of a body of officials that must be present before business can validly be transacted is known as a quorum
Indicate whether the statement is true or false