Examlex
A contract that does not satisfy the writing requirement of the Article 2 statute of frauds, but which is otherwise valid, is enforceable in which of the following situations?
Implied Warranty
A legal term for the assumption that a sold product will fulfill its intended purpose.
Fitness for a Particular Purpose
A legal concept that implies a product is suitable for the specific use the buyer intends.
Actual Knowledge
Direct awareness or understanding of a fact or piece of information.
Warranty Disclaimers
Legal statements that limit or eliminate the seller's liability for certain defects or failures in the product sold.
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