There Is an Implied Condition That the Seller of Goods

question 54

True/False

There is an implied condition that the seller of goods has the legal right to sell the goods and there is an implied warranty that the goods are free from any charge or encumbrance.

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Definitions:

Bid-rigging

A form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid.

Collusion

A secret agreement or cooperation between parties for a deceitful or fraudulent purpose, especially to cheat or deceive others.

Restrictive Trade Practice

Business practices that limit competition or control prices, often viewed negatively and regulated by law.

Misleading Advertising

Advertisements or promotional materials that deceive or lie to consumers, causing them to have false impressions or understandings.