Quiz Assignment Example | Topics and Well Written Essays - 1000 words - 2

Quiz - Assignment Example In order to identify with the UCC contract, the product that the parties exchange must exist, in the current case the product is the jet-ski. Article 2 of UCC governs every phase of transactions and describes remedies for problems that might arise. The contract involving Andy and the local Kawaskai dealership is effective when the parties exchange goods under the Uniform Commercial Code provisions. Unfortunately, the product broke down the second day. Andy decides to return the product back to the seller. The dealer refuses to refund the money that Andy demands (LII 1). The UCC has a clear description and remedies for problems that might arise in transactions. The law has a provision for warranty stating that a buyer can return goods to the seller in case the goods prove to be faulty within a specific period. Provisions for a warranty allow for replacement in case of a faulty product acquired from the buyer. The law only entitles Andy to get a replacement for goods and not receive a refund of the money. Andy’s action is unjustified and should only get a replacement for the jet-ski since he had entered into a contract. Section 2-725, is the Statute of limitation in the contract for sale. The law clarifies that parties must clarify any action of breach of contract within four years after initiating the course of action. Otherwise, the parties can as well shorten the time limitation to a period not less a year. The statement connotes that the buyer must notify the seller of any breach of contract within a specific period. The buyer and the seller can adjust the period from four years to not less than one year. Within the period, the buyer can notify the seller for any breach of contract. In section 2-601, there are provisions on breach in installment contracts that provide the buyer some rights on improper delivery. The provisions are, however, subject to sections of contractual limitations of remedy. If the seller declines to conform to all