Final answer:
In a buyer-seller transaction, the responsibility for negotiated repairs can be either the buyer's or the seller's, depending on the terms of the agreement.
Step-by-step explanation:
In a buyer-seller transaction, the responsibility for negotiated repairs can be either the buyer's or the seller's, depending on the terms of the agreement. If the buyer agrees to purchase a good 'as is,' it means that any repairs needed after the purchase will be the buyer's responsibility. On the other hand, if the seller provides a warranty or a service contract, they take the responsibility for any repairs within a specified time period.
For example, when buying a used car, the buyer may negotiate with the seller to include a warranty. In this scenario, if any repairs are necessary within the warranty period, the seller will cover the cost. If no warranty is offered, the buyer will be responsible for any repairs that arise after the purchase.