Exam 12: UCC Sales and Lease Contracts and Warranties

Unless properly disclosed, a warranty that is implied that sold or leased goods are fit for the ordinary purpose for which they are sold or leased, as well as other assurances is known as ________.

A seller or lessor has ________ if he obtained the goods through fraud, if his check for the payment of the goods or lease is dishonored, or if he impersonated another person.

An implied warranty requires that the quality of the goods must pass without objection in the trade.