Tony Signed a Contract Agreeing to Purchase a Used,high-Powered Boat

question 15

Essay

Tony signed a contract agreeing to purchase a used,high-powered boat for $10,000.Prior to signing the contract,the sales representative explained that the boat motor was guaranteed for six months for all labor and parts.The written contract contained nothing about the warranty;however,it did have an integration clause in it.Tony had problems with the boat motor,causing expensive repairs.Tony returned the boat to the sales representative for the repairs,only to learn the salesman denied knowing anything about a six-month warranty.If Tony sues,discuss the likely outcome.

---

Definitions:

Option Period

A predetermined time within a contract when a party can exercise specific rights, like extending the contract or purchasing an asset.

Tax Benefit

Financial savings in tax that are realized through various deductions, credits, or exclusions from gross income.

Revoked

Officially canceled, withdrawn, or annulled, often referring to licenses, permissions, or legal rights.

Unilateral Contract

A contract in which one party makes a promise in exchange for the other party's performance, becoming binding only upon the latter's action.