To Specifically Disclaim an Implied Warranty of Merchantability, a Seller

question 70

True/False

To specifically disclaim an implied warranty of merchantability, a seller or lessor must mention the word merchantability.​

---

Definitions:

Price Quotation

An estimated cost given by a seller to a prospective buyer detailing the price of goods or services.

Invitation

An offer to enter or participate in an arrangement, event, or legal agreement.

Acceptance

The expression of assent to the terms of an offer in such a manner that it forms a legally binding contract.

Unilateral Contract

A unilateral contract is a legally binding agreement where one party promises to do something in return for an act of the other party, who is not legally obligated to act.