132k views
0 votes
In a sale where the obligation of one party is subject to a condition which is not fulfilled, what are the actions available to the other party?

User Sheray
by
7.8k points

1 Answer

1 vote

Final answer:

To reassure buyers dealing with imperfect information, sellers can offer warranties and service contracts that provide protection against potential issues with the product.

Step-by-step explanation:

In situations where there is imperfect information about a product, sellers can take a number of steps to reassure potential buyers. One way is by offering a warranty, which is a promise to repair or replace the product within a specific time period if there are any issues. Furthermore, sellers can offer the option to purchase a service contract, for an additional fee, which covers repairs for a set period of time. This is especially common for larger purchases such as cars, appliances, and houses.

User Anish Gupta
by
8.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.