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Under the UCC, which of the following statements is correct regarding the creation of express warranties: Express warranties must contain formal words such as warranty

  1. Under the UCC, which of the following statements is correct regarding the creation of express warranties:
    1. Express warranties must contain formal words such as warranty or guarantee.
    2. Express warranties must be part of the basis of the bargain between buyer and seller.
    3. Express warranties are not enforceable if made orally.
    4. Express warranties cannot be based on statements made in the sellers promotional materials.

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