Warranties Do Not Depend on Presentment,dishonor,and Notice but May Be

question 45

True/False

Warranties do not depend on presentment,dishonor,and notice but may be utilized before presentment has been made.

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Definitions:

Positive Externality

A benefit that affects a party who did not choose to incur that benefit.

Externalities

Economic side effects or consequences of industrial or commercial activity that affect other parties without being reflected in the costs of the goods or services involved.

Injunctions

Court orders requiring an individual, group, or organization to do or refrain from doing a particular act.

Externalities

Externalities are indirect effects of economic activities on third parties, which can be either positive or negative.