Assuming adoption of the UCC, which of the following is true regarding whether the buyer and seller may negotiate a shorter time for the statute of limitations than that allowed by the UCC?
A) The buyer and seller may not negotiate a shorter time for the statute of limitations than that allowed by the UCC.
B) The buyer and seller may negotiate a shorter time for the statute of limitations than that allowed by the UCC without any limits.
C) The buyer and seller may negotiate a shorter time for the statute of limitations than that allowed by the UCC so long as the time period is not less than one year.
D) The buyer and seller may negotiate a shorter time for the statute of limitations than that allowed by the UCC so long as the time period is not less than six months.
E) The buyer and seller may negotiate a shorter time for the statute of limitations than that allowed by the UCC so long as the time period is not less than two years.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), parties to a contract for the sale of goods can agree to reduce the statute of limitations to not less than one year, which is shorter than the default period provided by the UCC.

Assuming Adoption of the UCC, Which of the Following Is