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Jack sells his boat as being 'voetstoets' in nature despite knowing that the engine is failing. Jack nevertheless sells the boat to Pieter. The engine fails 3 days later. Is Jack exempt from liability? O A. Yes, the clause exempts Jack from liability as he stated prior to the conclusion of the sale that the transaction was voetstoets in nature. O B. No, Jack acted in a fraudulent manner and may not rely on the clause to escape liability

Jack sells his boat as being 'voetstoets' in nature despite knowing that the engine is failing. Jack nevertheless sells the boat to Pieter. The engine fails 3 days later. Is Jack exempt from liability? O A. Yes, the clause exempts Jack from liability as he stated prior to the conclusion of the sale that the transaction was voetstoets in nature. O B. No, Jack acted in a fraudulent manner and may not rely on the clause to escape liability

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Jack sells his boat as being voetstoets' in nature despite knowing that the engine is failing. Jack nevertheless sells the boat to Pieter. The engine fails 3 days later. Is Jack exempt from liability? OA Yes, the clause exempts Jack from liability as he stated prior to the conclusion of the sale that the transaction was voetstoets in nature. OB. No, Jack acted in a fraudulent manner and may not rely on the clause to escape liability
Transcribed Image Text:Jack sells his boat as being voetstoets' in nature despite knowing that the engine is failing. Jack nevertheless sells the boat to Pieter. The engine fails 3 days later. Is Jack exempt from liability? OA Yes, the clause exempts Jack from liability as he stated prior to the conclusion of the sale that the transaction was voetstoets in nature. OB. No, Jack acted in a fraudulent manner and may not rely on the clause to escape liability
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