CHAPTER 23: WARRANTIES. Learning Objectives: Types of Warranties  Express  Implied Limitations on Warranties Notice and Third Parties Comparison of.

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Presentation transcript:

CHAPTER 23: WARRANTIES

Learning Objectives: Types of Warranties  Express  Implied Limitations on Warranties Notice and Third Parties Comparison of Strict Liability and Warranties Chapter 232 CHAPTER 23: WARRANTIES

1.Express Warranties 2.Implied Warranties a.Warranty of Title b.Warranty of Merchantability i.Applied to all sales of goods by merchants ii.Goods must be merchantable iii.Liability for breach Chapter 233 TYPES OF WARRANTIES

1.Express Warranties 2.Implied Warranties a.Warranty of Title b.Warranty of Merchantability c.Warranty of Fitness for a Particular Purpose i.Seller has reason to know of specific purpose for goods ii.Seller knows buyer is relying on judgment of seller iii.Applicable to merchants and nonmerchants iv.Liability for breach Chapter 234 TYPES OF WARRANTIES

1.Express Warranties a.Disclaimer of Warranties b.Limitation of Remedies 2.Written Disclaimers of Implied Warranties 3.Other Limitations 4.Limitations on Remedies Chapter 235 LIMITATIONS ON WARRANTIES

1.Notice a.Rationale for Notice Requirement b.Form of Notice c.Time for Giving Notice 2.Third Parties a.Doctrine of Privity of Contract b.Abandonment of Privity Chapter 236 NOTICE AND THIRD PARTIES

1.Nature of Warranty of Merchantability 2.Nature of Strict Liability 3.Comparison: Table 23-1 Chapter 237 COMPARISON OF STRICT LIABILITY AND WARRANTY

CHAPTER 23: WARRANTIES

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