Perry and Tim negotiate a contract governed by the UCC.Perry is worried about being sued,so Perry and Tim negotiate an agreement wherein each will only have 16 months to pursue a claim for breach.Tim,claiming the UCC gives him four years to sue,files a claim after three years.Can Tim go forward with his claim?

Question

Quizplus · Accepted Answer

A)Under the UCC,the buyer must bring a lawsuit on a breached contract within four years of when the breach occurred or when the nonbreaching party became aware of it.Buyers and sellers are free to negotiate contractually a shorter time period as long as the time period is not less than one year.
B)Under the UCC,the buyer must bring a lawsuit on a breached contract within four years of when the breach occurred or when the nonbreaching party became aware of it.Buyers and sellers are free to negotiate contractually a shorter time period as long as the time period is not less than one year.
C)Under the UCC,the buyer must bring a lawsuit on a breached contract within four years of when the breach occurred or when the nonbreaching party became aware of it.Buyers and sellers are free to negotiate contractually a shorter time period as long as the time period is not less than one year.

Perry and Tim Negotiate a Contract Governed by the UCC