This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Idaho Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website
State:
Multi-State
Control #:
US-01815BG
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Agreement Regarding Representations And Warranties For Goods Purchased And To Be Re-Sold On Purchaser's Website?
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FAQ
STUDY. Buyer agency agreements. Describe the terms of the relationship between the buyer's designated agent and his/her buyer client, and is a contract between the buyer and the brokerage firm that the buyer's designated agent represents.
The stated purpose(s) of Article 2 of the UCC is/are: to simplify the law governing sales.
The representations and warranties section of the Purchase Agreement is one of the most negotiated sections of any agreement between a buyer and a seller. It covers statements of fact and promises about what is sold. The seller will make several representations and warranties about the target and assets.
Required ElementsOutline and define any compensation structure. Identify buyer and seller obligations, rights, and duties. Have an expiration date. Disclose any conflicts of interest on the agent's part, like if the agent is showing a property where he already has a listing agreement.
Article 2 of the UCC deals only with transaction of goods. It does not apply to any transaction intended to operate only as a security transaction. However, the Article does not impair or repeal any statute regulating sales to consumers, farmers or other specified classes of buyers.
You can avoid buyer's remorse after-the-fact by being a smart shopper before-the-fact. Idaho does not have a cooling off period applicable to vehicle purchases. Do not be misled into thinking you can buy a car and then cancel the purchase contract within three (3) business days if you change your mind.
Article 2 of the UCC governs contracts for the sale of goods.
Article 2 applies to contracts for the sale of goods. 2 Goods are things that can be identified when the contract is formed and can be moved. 3 Pens, boats, computers, cars and animals are all goods. In contrast, real estate, services, and intangibles (such as intellectual property) are not goods.
Article 2 of the UCC (MCL 440.2101 et. seq.) governs the sale of goods. Article 2 is meant to provide default rules and gap-fillers that apply where two parties have not comprehensively addressed common issues in a written contract.
These agreements must include an expiration date, a fair housing declaration, a blocking declaration and a signature line for the broker and seller. Although these terms are often used interchangeably, they are not the same.