It Is Not Necessary to Use Formal Words Such as "Warrant

question 59

True/False

It is not necessary to use formal words such as "warrant" or "guarantee" in order to create an express warranty.

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Definitions:

Arbitrator

An independent individual or panel appointed to settle a dispute outside the court system, whose decision is usually binding.

Legally Binding

Agreements or contracts that are enforceable by law, meaning parties must adhere to the agreed terms.

Labor Dispute

A conflict between employees and their employer regarding work conditions or terms of employment.

Fair Labor Standards Act

A United States federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for employees in the private sector and in Federal, State, and local governments.