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A Person Who Undertakes to Make a Contract on Behalf

question 3

True/False

A person who undertakes to make a contract on behalf of another person gives an implied warranty that he is in fact authorized to make the contract on behalf of the person he purports to represent.


Definitions:

Federal Exemptions

Legal provisions that allow individuals or entities to exclude certain assets or incomes from taxation under federal law.

Chapter 7

A provision of the Bankruptcy Code that provides for the liquidation of a debtor's assets to pay off creditors.

Bankruptcy Relief

Legal processes and protections afforded to individuals or corporations that are unable to repay their debts, aimed at providing a fresh start or reorganization.

Federal Exemptions

Protections and privileges granted under federal law, often in bankruptcy, that allow individuals to retain certain assets from creditors.

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