Which one of the following relates to warranty?
A. It is of vital importance for completion of contract
B. If there is breach, the aggrieved party can repudiate the contract
C. It is essential to the main purpose of the contract
D. In case of breach, the aggrieved party can claim only damages
Answer: Option D
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
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