To Prove an Express Warranty,courts Require Evidence That the Buyer

question 32

True/False

To prove an express warranty,courts require evidence that the buyer relied on the seller's statement.

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Definitions:

Usury Laws

Usury Laws are regulations governing the interest rate that can be charged on a loan, designed to protect consumers from excessively high rates.

Free Market

An economic system where prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government or other authority.

Entrepreneur

An individual who, instead of working as an employee, runs a small business and assumes all the risks and rewards of a given business venture.

Earn A Profit

The process of making financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.