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The managing director of an organization addresses two sales teams, A and B, who are in charge of different products. While communicating a critical strategic decision of the company, members of team A had a pre-existing idea, while members of team B appeared clueless. In this context, which of the following statements is most likely to be true?
Lessor
The party who owns a property or asset and leases it out to another party, known as the lessee, under a lease agreement.
Express Warranty
An explicit guarantee made by the seller regarding the quality, condition, or performance of a product.
Formal Words
Specific language required or recognized by law to create a binding agreement or to perform a legal act.
Guarantee
A formal assurance or promise, often in writing, that certain conditions will be fulfilled, including the quality or durability of a product or the completion of an obligation.
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