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Manufacturers' Agents Do Not Take Title to the Products They

question 120

True/False

Manufacturers' agents do not take title to the products they sell-and are paid a commission on sales.


Definitions:

Third-Party Beneficiaries

Individuals or entities that, although not a direct party to a contract, stand to benefit from the contract's execution or terms.

Warranties

Warranties are guarantees made by a seller that the goods or services offered meet certain quality standards and assurances about the product or service's condition.

Implied Warranty

A legal concept that guarantees a product will meet basic standards of performance and quality without being explicitly stated.

Warranty Of Fitness

An assurance that a product will meet a buyer's specified purpose or needs, often implied in a sale unless specifically excluded.

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