A warranty is a minor term of a contract. Is this TRUE?
A warranty is a minor term of a contract. Is this TRUE?
A . yes- it does not affect the prime benefit
B. yes- it affects the prime benefit of the contract
C. no- a warranty is a fundamental term in a contract
D. no- a warranty is a type of innominate term
Answer: A
Explanation:
The correct answer is 1. The statement is True so the answer needs to start with ‘yes’.
Therefore options 3 and 4 should be discounted. Option 2 is incorrect a warranty does NOT affect the prime benefit of the contract. See p. 126 for more details on Contractual Warranties and Conditions
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