LAW 421 week 4 DQ 2in Political Science by nerdythetutor
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What are the remedies for contract breach available under UCC Article 2? What are the types of warranties available under UCC Article 2? How do you differentiate between implied and express warranties under UCC Article 2? Provide examples.
UCC Article 2 provides contract relief through remedies when situations arise for parties who have acted in good faith, but have sustained damages through no fault of their own. The objective behind remedies is providing the innocent party to gain the same position if the contract had been performed as originally agreed. Remedies available to the seller when the breach occurs before the goods are received by the seller:
The seller may cancel the contract outright and withhold delivery.
- The Seller may resell the goods at a fair market value...