Examlex
Provide a short answer to each of these questions.Be sure to fully explain your answer.
The textbook claims that warranties have become more important as e-commerce has become more popular.Why might this be true?
Breach
The act of violating a law, duty, or agreement, which can result in legal consequences or termination of the contract.
General Rules of Contract
Fundamental principles that govern the formation, interpretation, and enforcement of contractual agreements.
Capacity
The legal capability to understand the terms of a contract and to be held accountable for its obligations, or the maximum output or production ability of a facility.
Agency Relationship
A fiduciary relationship where one party (the agent) acts on behalf of another (the principal) in dealing with third parties.
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