Examlex
Which of the following is likely to have the smallest price elasticity of demand?
Waiver Of Warranty Rights
An agreement to relinquish one's legal rights to hold a seller accountable for defects in goods or property.
Statute Of Limitations
is a law prescribing the time limit within which legal action must be commenced for alleged breaches of law or rights.
Parol Evidence Rule
A common law rule which states that oral evidence of an agreement made prior to or contemporaneously with a written agreement is inadmissible when the parties intend to have the written agreement be the complete and final version of their agreement.
Express Warranty
An explicit promise made by a seller about the quality or functionality of a product or service, forming part of the contract.
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