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What does the uniform commercial code (UCC) state regarding price and warranty? What if a price...

What does the uniform commercial code (UCC) state regarding price and warranty?

  • What if a price is not specified in an agreement?
  • What if a price is specified in an agreement?
  • Does the UCC modify the price?
  • What about a warranty?
  • What rights does the buyer have for a guarantee under the UCC?
  • What protection is granted to the seller?
business   Operations-Management   
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Answer #1

Uniform commercial code (UCC) is set of rules and regulations which are business units have to follow during indulging with any business dealings or transactions. Price and warranty of the product or service should also set as per the UCC code of laws. The article 2 of UCC highlights that the price and the warranty of the product or the services should be included or mentioned in the product and relevant information should be transferred to the customers through documents.

If the product doesn’t holds the price or warranty within it then the product or service is considered not for sale. The consumers can approach the consumer court if they find such discrepancies. Through this the organization may also will have to face some legal issues.

Through the introduction of the UCC the consumer’s rights are protected like receiving right products from the organizations. The customers cannot be cheated easily through providing fake warranty. The organizations also yield benefits through the implementation of such laws. Other firms cannot duplicate the products or services. The reputation of the organizations will be enhanced.

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