Defects in Goods Are Cured When the Goods Are Repaired,replaced,or

question 65

True/False

Defects in goods are cured when the goods are repaired,replaced,or discounted in price by the seller.

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Definitions:

Liability

The state of being legally responsible for something, especially in terms of debts or legal obligations.

Stolen Jewelry

Property in the form of jewelry that has been taken without permission or legal right.

Bailor

The person who temporarily transfers possession but not ownership of a property or good to another (the bailee) under a bailment agreement.

Bailee

A person or entity to whom personal property is delivered for a specified purpose without transfer of ownership.