Ask Reggi Your Question Now
Can you summarize MNST 336.2A-214?
UNIFORM COMMERCIAL CODE > EXCLUSION OR MODIFICATION OF WARRANTIES.
Short Summary
This legal document, part of the Minnesota Statutes under the Uniform Commercial Code, governs the exclusion or modification of warranties in lease contracts. It provides guidelines for interpreting words or conduct related to the creation of express warranties and the negation or limitation of warranties. The document specifies the requirements for excluding or modifying the implied warranty of merchantability and the implied warranty of fitness. It also outlines circumstances where all implied warranties can be excluded, such as through expressions like ‘as is’ or ‘with all faults.’ Additionally, the document allows for the exclusion or modification of warranties through course of dealing, course of performance, or usage of trade. It further addresses the exclusion or modification of warranties against interference or infringement. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Lessees and lessors involved in lease contracts
What does it govern?
Exclusion or modification of warranties
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Minnesota