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