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1.What are liquidated damages? Does the UCC permit them? When are they valid? 2.What is the difference between a full warranty and a limited warranty?

1.What are liquidated damages? Does the UCC permit them? When are they valid?

2.What is the difference between a full warranty and a limited warranty?

3.Describe the good faith purchaser for value and the good faith subsequent lessee rules. When do these rules apply? Is the result of these rules fair?

4.Describe the buyer in the ordinary course of business rule. When does this rule apply? Is the result of this rule fair?

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