The UCC Permits a Seller to Limit or Modify the Buyer's

question 15

Multiple Choice

The UCC permits a seller to limit or modify the buyer's remedies for breach of warranty:

• A)in all cases.
• B)except for unconscionable limitations or for exclusions of consequential damages.
• C)in no cases, as this would be contrary to public policy.
• D)except when the seller seeks to limit the time within which the warranty is effective.

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Definitions:

Peanut Butter

A food paste or spread made from ground, dry-roasted peanuts.

Recession

A downturn in the economy.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Equilibrium Quantity

Equilibrium Quantity is the quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance.