ARC Is an Electronically Controlled Traction Control System

question 52

True/False

ARC is an electronically controlled traction control system.

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Definitions:

Valid Title

A legal term indicating that the ownership of an asset or property is legitimate and recognized by law.

Acknowledged Title Warranties

Legal assurances provided by a seller to a buyer regarding the status of the property title, confirming it is free from liens or claims and can be transferred.

Implied Warranties

Implied warranties are unspoken, unwritten promises that a product will meet a minimum quality and functional standards.

Material Terms

In a contract, the terms that allow a court to determine what the damages are in the event that one of the parties breaches the contract; include the subject matter, quantity, price, quality, and parties.