Examlex
Which of the following combines the entrepreneurial advantages of owning a business with the efficiencies of vertical marketing systems that function under single ownership?
Duty on the Seller
The responsibility of the seller to deliver goods that meet the criteria specified in a sales contract, including aspects like quality, quantity, and timelines.
Implied Warranty
A legal concept that guarantees a product or service will meet certain expectations of quality and functionality even if not explicitly stated.
Warranty of Merchantability
An implied guarantee that a product will meet the reasonable expectations of the buyer, including being fit for the purpose for which it was sold.
Business of Selling
The activity or profession of promoting and exchanging goods or services for money.
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