Oral Warranties Made Before the Execution of a Written Agreement

question 51

True/False

Oral warranties made before the execution of a written agreement containing an express disclaimer are subject to the parol evidence rule.

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Definitions:

Perfectly Competitive

Refers to a market structure where many firms sell identical products, entry and exit are easy, and no single firm can influence the market price.

Airbus Industries

A major European multinational aerospace corporation known primarily for designing, manufacturing, and selling commercial aircraft worldwide.

Annual Sales

The total revenue a company generates from its business activities over the course of a year.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product.