Promises of Fact Made During the Bargaining Process Are Express

question 61

True/False

Promises of fact made during the bargaining process are express warranties.

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Definitions:

Chapter 11 Bankruptcy

A form of bankruptcy that involves the reorganization of a debtor's business affairs, debts, and assets, allowing the business to continue its operation.

Apparent Authority

An accountability doctrine whereby a principal, by virtue of words or actions, leads a third party to believe that an agent has authority but no such authority was intended. Also called ostensible authority and agency by estoppel.

Agency by Estoppel

A situation where a person is prevented by their own actions from denying or negating the existence of an agency relationship.

Cocktail Party

A social gathering where guests enjoy alcoholic beverages and light refreshments, typically standing and mingling.