Examlex
Match the acronym with its correct meaning.
-Commercial and Government Entity
Due-on-sale Warranties
Clauses within a mortgage agreement that require the full loan amount to be repaid if the property is sold.
Express Warranties
Explicit promises made by a seller about the quality, condition, or performance of goods being sold.
Implied Warranties
Unspoken and unwritten guarantees assumed by law that the product or service offered for sale meets certain standards of quality and reliability.
Warranties of Title
Guarantees provided by a seller to a buyer that they legally own the item being sold and have the right to sell it.
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