The Word "Merchantability" Must Be Mentioned in a Disclaimer of an Implied

question 16

True/False

The word "merchantability" must be mentioned in a disclaimer of an implied warranty of merchantability.

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Definitions:

Janet Werker

A researcher known for her studies in developmental psychology, especially in the field of language acquisition in infants.

Bounded Rationality

A concept suggesting that decision-making is limited by the information available, cognitive limitations of the mind, and the finite amount of time available to make a decision.

Herbert Simon

An American economist and cognitive psychologist known for his research in the fields of decision-making and problem-solving, notably the concept of bounded rationality.

Behavioural Economic Theory

An approach combining psychological insights with economic theory to predict and understand human decision-making.