Examlex
Which of the following statements is correct?
Equitable Warranties
Legal promises implied by law that ensure fairness and the truthful disclosure of important information typically in property transactions.
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.
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