Current through 2024 Regular Session legislation effective June 6, 2024
Section 72A.2120 - Implied warranty of merchantability(1) Except in a finance lease, a warranty that the goods will be merchantable is implied in a lease contract if the lessor is a merchant with respect to goods of that kind.(2) Goods to be merchantable must at least: (a) Pass without objection in the trade under the description in the lease agreement;(b) In the case of fungible goods, be of fair average quality within the description;(c) Be fit for the ordinary purposes for which goods of that type are used;(d) Run, within the variation permitted by the lease agreement, of even kind, quality and quantity within each unit and among all units involved;(e) Be adequately contained, packaged and labeled as the lease agreement may require; and(f) Conform to any promises or affirmations of fact made on the container or label.(3) Other implied warranties may arise from course of dealing or usage of trade.