The Statute of Limitations for Breach of Warranty Under the UCC

question 21

Multiple Choice

The statute of limitations for breach of warranty under the UCC is

• A)one year.
• B)two years.
• C)three years.
• D)four years.

---

Definitions:

Satisfice

A decision-making strategy that involves choosing an option that meets a minimum threshold of acceptability rather than the optimal solution.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution, due to limitations in time, information, or resources.

Absenteeism

Absenteeism refers to the habitual non-presence of an employee at their job without a valid reason, often affecting productivity and morale.

Anchoring Effect

The inadequate adjustment of subsequent estimates from an initial estimate that serves as an anchor.