Chapter 7 Vocabulary

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Across
  1. 3. of Merchantability, fit for the ordinary purpose they were sold for
  2. 5. remaining the same
  3. 6. people who own goods receive title
  4. 7. of Fitness for a Particular Purpose, when the seller knows the purpose the goods are needed for
  5. 10. Offer, merchant's written promise to hold an offer open
  6. 11. Title, property obtained as a result of fraud, mistake, undue influence, or duress
  7. 14. Warranty, may cover parts but not labor, may cover products if the original owner
  8. 16. keep out of
  9. 18. reveal or include
  10. 19. Warranty, product is guaranteed for a specific purpose
Down
  1. 1. more power than something or someone
  2. 2. another choice
  3. 4. of Sale, formal evidence of ownership, only proves you had title, doesn't prove current ownership
  4. 5. Commercial Code (UCC), applies to contracts for the sales of goods, and specifically interstate commerce, hold merchant to a higher standard than non-merchants
  5. 7. promise or assurance
  6. 8. Usage*, used to define the concept of reasonable time in which the buyer or seller has to take certain actions as required by the substantive law
  7. 9. Warranty, promise to repair the item for free
  8. 12. Warranty, must be stated in precise and understandable terms
  9. 13. of Loss, no one can have title to goods that do not exist
  10. 15. to take away
  11. 17. Interest, legal interest in protection of property