A Written Contract Contains an Express Warranty That the Goods

question 3

Multiple Choice

A written contract contains an express warranty that the goods will be of "quality grade A." The seller wishes to disclaim this express warranty.How may the seller accomplish this?

• A) This express warranty may not be disclaimed.
• B) By language stating that no warranties,express or implied,are contained in this contract.
• C) By general language,such as "as is" or "with all faults."
• D) By specifically mentioning "merchantability."

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Definitions:

Lease Contract

A legal agreement between two parties where one party (lessor) allows another (lessee) to use an asset for a specific period in exchange for payment.

Future Market Value

The anticipated value of an asset at a future date, based on projections or market trends.

Transferring Uncertainty

The process of moving the risk of a particular outcome from one party to another, often through the use of insurance or hedging techniques.

Obsolescence Concerns

Worries related to a product or system becoming obsolete or outdated, leading to a potential decrease in its value or utility.