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