What is the effect of a buyer’s failure to comply with the statute of limitations recognized by the Uniform Commercial Code for a breach of contract action?

The buyer has agreed to waive his warranty rights by agreeing the clause of waiving the warranty rights under the contract.  

Explanation:

If the buyer and the seller agrees on the term that the risks and the rewards coming onwards would belong solely to the buyer and there will be no warranty claims acceptable related to this product. This is the limitation of the application of the Unifrom Commercial Code.

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