IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

Under the UCC, what warranty does a seller make simply by selling goods at auction?

A warranty that the goods are new A warranty of title — that the seller has the right to sell the goods and they are free from undisclosed liens A warranty that the goods will appreciate in value A warranty that the goods match a catalog description

Correct Answer:

A warranty of title — that the seller has the right to sell the goods and they are free from undisclosed liens

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