Perry and Tim Negotiate a Contract Governed by the UCC

question 20

Multiple Choice

Perry and Tim negotiate a contract governed by the UCC.Tim wants to extend the time to make a warranty claim,so Perry and Tim agree that Tim could sue for breach any time within eight years.Tim sues for breach after six years.Can Tim make a claim?

• A)Yes because there is a 10 year statute of limitations under the UCC
• B)It depends upon the contract terms.
• C)Yes,because the parties are free to negotiate any statute of limitation they want.
• D)No,because parties to a contract are never allowed to negotiate on the statute of limitation.
• E)No,because the UCC requires a lawsuit to be brought within four years and parties to a contract are not free to negotiate a longer time period than the UCC's four year limit.

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