TN Auctioneer Practice Questions - Tennessee Licensed Auctioneer Exam

Under the UCC as adopted in Tennessee, what is the implied warranty of title in an auction sale?

A guarantee that the item is new A warranty that the seller has the right to sell the goods and that the buyer will receive good title free from any security interest or lien not disclosed A promise that the item is worth the price paid A warranty that the item will function properly

Correct Answer:

A warranty that the seller has the right to sell the goods and that the buyer will receive good title free from any security interest or lien not disclosed

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