An Implied Warranty Arises Automatically from the Fact a Sale

question 6

True/False

An implied warranty arises automatically from the fact a sale has been made.

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Definitions:

Disclose Financial Information

The process of making a company's financial records available to the public, typically as required by law or regulations.

Taxes

Compulsory financial charges or levies imposed by a government on individuals and organizations to fund public expenditures.

Unlimited Liability

Unlimited liability means that the owners of a business are personally responsible for the entire amount of debt and obligations of the business, potentially risking their personal assets.