Boilerplate Language in a Contract That Excludes a Warranty, and Is

question 25

True/False

Boilerplate language in a contract that excludes a warranty, and is inconsistent with other warranty discussion, is invalid.

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Definitions:

Corporate Charter

A legal document that establishes a corporation and outlines its structure, powers, and operational guidelines.

Issued Shares

The number of shares that a company has legally sold to investors, including both public and private offerings.

Common Stock

Common stock represents ownership shares in a corporation, giving holders voting rights and a share in the company's profits through dividends or stock price appreciation.

Par Value

The face value of a bond or a stock as specified by the issuing company, not necessarily related to market value.