To Create an Express Warranty, a Seller or Lessor

question 8

Multiple Choice

To create an express warranty, a seller or lessor

• A)does not have to use formal words.
• B)must use the word "warrant."
• C)must use the word "guarantee."
• D)must use the word "express."

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Definitions:

National Science Foundation

A United States government agency that supports fundamental research and education in all the non-medical fields of science and engineering.

Noncompetitive Proposal

A proposal with no real competition and hence a high probability of acceptance.

Competitive Proposal

A proposal that has to compete for limited resources.

Legally Binding

A term describing an agreement that is enforceable by law, where all parties have agreed to its terms.