Most Courts Require That a Plaintiff Prove Reliance on an Express

question 2

True/False

Most courts require that a plaintiff prove reliance on an express warranty in order to recover damages.

---

Definitions:

Net Income

What a company ultimately earns in profit after removing the costs of taxes and expenses from its revenue.

Stockholders' Equity

The ownership interest of shareholders in a corporation, measured as the company's total assets minus its total liabilities.

Dividends In Arrears

Outstanding dividends on cumulative preference shares that have not been paid by the company in the time stipulated.

Common Stock

A type of security that represents ownership in a corporation, giving holders voting rights and entitlement to dividends.