The Freedom-To-Contract Doctrine Has Been Limited by the Implied Warranty

question 3

True/False

The freedom-to-contract doctrine has been limited by the implied warranty doctrine, as well as by the courts' relaxation of strict privity relationships between manufacturers and consumers.

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Definitions:

Income

Payments regularly received for work done or money invested.

Prices

The amount of money required to purchase a good or service, indicating the value placed on it by the market.

Preferences

In economics, this refers to the subjective tastes and likes of individuals, which influence their choices among various goods and services.

Prices

The financial amount expected, required, or supplied as remuneration for an item.