A Corporation Generally Can Engage in Any Act and Enter

question 20

True/False

A corporation generally can engage in any act and enter into any contract available to a natural person.

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Definitions:

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.

Title Warranties

Legal guarantees provided by a seller to a buyer that they possess a clear and unencumbered title to the property or goods being sold.

Disclaim or Modify

To reject, deny responsibility, or change terms and conditions in an agreement or statement.