The Warranty of Merchantability Is Found in Section 402A of the Restatement

question 34

True/False

The warranty of merchantability is found in Section 402A of the Restatement of the Law of Torts.

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Definitions:

Intangibles

Intangibles are assets that lack physical substance but possess value, such as intellectual property, goodwill, and brand recognition.

Goods

All physically existing things that are movable at the time of identification in the contract for sale.

Proceeds

The amount of money received from a transaction, often referring to the sale of assets or property.

Documents Of Title

Legal documents that prove ownership of goods or property, such as bills of lading or warehouse receipts.