Examlex
Which one of the following is the clause that prevents a bond issuer from issuing new debt that has seniority over current debt?
Express Warranty
An express warranty is a seller's promise or guarantee about the quality or functionality of a product, explicitly stated in the contract or marketing materials.
Physical Nature
Pertains to the material aspects or characteristics of something, focusing on its tangible properties.
Magnuson-Moss Act
A federal law enacted in 1975 to protect consumers from deceptive warranty practices, applying to warranties on consumer products.
Limited Warranty
A warranty that provides coverage with certain conditions and limitations on the duration and scope.
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