Examlex
Which of the following determines how much money an individual will decide to hold?
Warranties
Promises made by a seller regarding the condition, functionality, or other aspects of a product or service.
Implied Warranty
A legal assumption that goods are fit for the purpose for which they were sold, even if not explicitly stated.
Merchantability
A warranty that a product sold will meet reasonable expectations of the buyer, including that it is of average acceptable quality and is fit for the purpose for which it is sold.
Defective
Pertaining to a lack of perfection, flaws, or deficiencies in a product, service, or legal document that impair its quality, functionality, or legality.
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