The Court then considered what it called contractual warranties and found that the vendor had made five such warranties, of which three were breached.

There are various ways to equalize the information available for example, warranties for used cars and medical certificates for insurance.

The same logic applies to hedge funds investors are typically not allowed to know how they work, and no warranties are offered.

The buyer was not satisfied with the performance of the equipment, despite numerous technical adjustments made by the vendor, and sued for breach of contract, including late delivery, and breach of warranties.

There are various ways to equalize the information available for example, warranties for used cars and medical certificates for insurance. But, since these devices cost money, asymmetric information always leads to worse results than would otherwise occur.

In addition, retailers provide a set of different services such as product assembly and display, supply of product information, customer services such as delivery, credit and implicit warranties, and production services such as packaging and processing goods in a suitable form for consumers.

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