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The part of the statute (which is part of an article of the Uniform Commercial Code model language applicable to the sale of goods) that you are discussing reads as follows: 1) A purchaser of goods acquires all title which his transferor had or had power to transfer except that a purchaser of a limited interest acquires rights only to the extent of ...


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The Uniform Commercial Code is a law governing personal property security interests (i.e. mortgages in personal property). In other words, it governs using personal property as collateral for loans. Under the UCC, there are two important steps: attachment and perfection. A security interest is effective against the party granting it when it "attaches" ...


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Entertainment value The implied warranty does not apply to aesthetic judgements about a product's entertainment value. Video games are, in this respect, art.1 The exact same analysis applies to movies and vinyls that you buy, and musicals that you attend. If you happen to not like them, so be it. The purpose was not to entertain a particular person, or ...


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I'm not a lawyer; I'm not your lawyer. It's difficult proving a negative. I can think of at least one case (in Australian real property law) where the formatting in contracts is prescribed, and deviation could render the contract void. UCC § 2-316 ("the code") states that (emphasis mine): (2)Subject to subsection (3), to exclude or modify the implied ...


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Without reading the exact language of the documents it is hard to tell. Two possible interpretations of these documents are most plausible. One interpretation is that the first note is the true promissory note and the second note is a written reaffirmation of the original promissory note which would extend the statute of limitations for enforcing it if ...


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You are the beneficiary of either an implied warranty of merchantability, under the Uniform Commercial Code in Texas, or a limited warranty in lieu of that which covers most, but perhaps not all of your losses (perhaps not the lost food). The question is not whether you have a legal right, but what the sensible thing to do about it is. First read the ...


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Overview In the United States, there is a division between loans with real property collateral (called "mortgages" in most of the country, "deeds of trust" in much of the Western United States, and something else entirely in Louisiana and Puerto Rico if you are using the technical terminology), and loans with collateral that is not real property (sometimes ...


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