Explain the term warranty and distinguish between express and implied warranties.
Answer to relevant QuestionsExplain disclaimers of implied warranties and the requirements for them to be legally valid. Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. A general agent is a person authorized to assume complete charge of his or her principal’s business. ...In teams of three or four, interview managers of small real estate agencies. Discuss with these managers the nature of the agent’s relationship with the principal, including agent’s authority and other matters. Identify two advantages and two disadvantages of organizing as a partnership. Describe the process used in a Chapter 11 bankruptcy.
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