Terms Used In Wisconsin Statutes 402.312

  • Buyer: means a person who buys or contracts to buy goods. See Wisconsin Statutes 402.103
  • Contract: A legal written agreement that becomes binding when signed.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
  • Seller: means a person who sells or contracts to sell goods. See Wisconsin Statutes 402.103
   (1)    Subject to sub. (2) there is in a contract for sale a warranty by the seller that:
      (a)    The title conveyed shall be good, and its transfer rightful; and
      (b)    The goods shall be delivered free from any security interest or other lien or encumbrance of which the buyer at the time of contracting has no knowledge.
   (2)   A warranty under sub. (1) will be excluded or modified only by specific language or by circumstances which give the buyer reason to know that the person selling does not claim title in himself or herself or that the person selling is purporting to sell only such right or title as the person selling or a 3rd person may have.
   (3)   Unless otherwise agreed a seller who is a merchant regularly dealing in goods of the kind warrants that the goods shall be delivered free of the rightful claim of any 3rd person by way of infringement or the like but a buyer who furnishes specifications to the seller must hold the seller harmless against any such claim which arises out of compliance with the specifications.