Janicka Purchased a Snowmobile from Andrew Under a Conditional Sale

question 1

True/False

Janicka purchased a snowmobile from Andrew under a conditional sale agreement. Andrew registered the conditional sale agreement pursuant to the requirements for registration set down in the provincial legislation. Janicka later sold the snowmobile to Gary, who purchased the machine without making a search for conditional sale agreements. If Gary pays Andrew the balance owing in order to retain the snowmobile, Janicka is free of the conditional sale agreement.

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Definitions:

Value or Worth

The importance, usefulness, or monetary valuation of something, often subject to change based on market demand or condition.

Statement About

A declaration or account made about a specific subject, detailing facts or opinions.

Implied Warranty

A legal term for the assumption that a sold product will fulfill its intended purpose.

Fitness for a Particular Purpose

A legal concept that implies a product is suitable for the specific use the buyer intends.