John Has Been Working and Saving His Money; He Wants

question 62

Multiple Choice

John has been working and saving his money; he wants to buy a car on his 25th birthday.Which of the following is false?

• A)There will be an implied term in the contract that John will get good title to the car.
• B)There will be an implied term that payment is to be made by certified cheque.
• C)There will be an implied term in the contract that John will enjoy "quiet possession."
• D)An exemption clause may modify certain implied terms.
• E)There will be an implied term in the contract that the car will be free and clear of encumbrances.

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Definitions:

Global Commodity Chain

The global network of manufacturing and distribution steps a product goes through before it gets to the buyer.

Foreign Investment

Investment by individuals, companies, or governments in businesses or assets located in another country.

Economic Growth

The increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.

Technology

Is the practical application of scientific principles.