An Express Warranty Can Only Be Limited If the Warranty

question 48

True/False

An express warranty can only be limited if the warranty disclaimer and the warranty can be reasonably construed with each other.

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Definitions:

Consolidated Financial Statements

Financial statements that present the assets, liabilities, and operating results of a parent company and its subsidiaries as if the group were a single entity.

Ownership Percentage

The share of a company or property owned by an individual or entity, often expressed as a portion of 100%.

Direct Combination Costs

Expenses directly associated with the process of merging two or more companies, such as legal fees, advisory services, and administrative expenses.

Contingent Consideration

A future payment in a business acquisition that is dependent on specific conditions being met, often related to the target company's performance.