sale and secured transactions

-materially alters the original contract
-offer expressly limits acceptance to the terms of the offer
-offeror promptly objects to the modified terms

for a merchant, additional terms automatically become part of the contract unless (3)

auction with reserve

can be withdraw at any time before completion

auction without reserve

can only be withdrawn if no bid is made

tender

an unconditional offer to perform with the current ability to do so

1. negligent design
2. manufacturing flaw
3. failure to inspect
4. failure to warn

4 principal ways in which a manufacturer seller may be liable

-product misuse
-knowledgeable user
-assumption of risk
-commonly known danger

manufacturer defenses to product liability (4)

possession

what is the only way to perfect an interest in money?

filing a financing statement

what is required to perfect a security interest in the absence of a specific exception?

at any time before
-the debt is satisfied by acceptance of the collateral
-the collateral has been collected
-the collateral is disposed of
-a contract for the disposition of the collateral is entered into

when may a debtor redeem his or her interest in the collateral? (4)