Examlex
A substance composed of two or more elements in a fixed,definite proportion is
Valid Title
A legal term indicating that the ownership of an asset or property is legitimate and recognized by law.
Acknowledged Title Warranties
Legal assurances provided by a seller to a buyer regarding the status of the property title, confirming it is free from liens or claims and can be transferred.
Implied Warranties
Implied warranties are unspoken, unwritten promises that a product will meet a minimum quality and functional standards.
Material Terms
In a contract, the terms that allow a court to determine what the damages are in the event that one of the parties breaches the contract; include the subject matter, quantity, price, quality, and parties.
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