• A warranty is a collateral undertaking in a sale either real or personal property

• If the property sold does not possess certain qualities, the purchaser may either consider the sale void

• The buyer may claim damages for breach of warranty

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• A security interest in personal property shall extend to its identifiable or traceable proceeds.
  

• The security interest shall extend to the commingled money or funds, notwithstanding that the proceeds have ceased to be identifiable to the extent they remain traceable.
  

• A security interest in tangible assets that is commingled in a mass extends to the mass.

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• A partnership begins at the moment of the execution of the contract.

• Every partner is a debtor to the partnership.

• Every partner is responsible to the partnership for damages suffered by it through his fault

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• Nominal damages are adjudicated in order that a right of the plaintiff, which has been violated or invaded by the defendant, may be vindicated or recognized.
  

• The court may award nominal damages in every case where any property right has been invaded.
  

• The adjudication of nominal damages shall preclude further contest upon the right involved and all accessory questions, as between the parties to the suit.

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