A Warranty Usually Explains That If the Product or Service

question 40

True/False

A warranty usually explains that if the product or service doesn't meet the specifications, the manufacturer will replace it.

---

Definitions:

Condominium Association Agreement

A legal document outlining the rules, regulations, and responsibilities of owning and managing condominium units within a shared property.

Standing to Sue

The legal right of an individual or entity to file a lawsuit, based on having a sufficient connection to and harm from the law or action challenged.

Privity of Contract

Privity of contract is a legal principle that only those parties who have entered into a contract have the right to sue to enforce their rights or claim damages under that contract.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be legally enforceable, such as those involving real estate or contracts that cannot be performed within a year.