Statements of fact about the past and present are called
A)provisions and terms.
B)promises and covenants.
C)representations and warranties.
D)damages and remedies.

Question

Quizplus · Accepted Answer

Statements of fact about the past and present are known as representations and warranties. Provisions and terms refer to clauses in a contract, promises and covenants are future responsibilities or duties, and damages and remedies are potential outcomes if a party breaches a contract.

Statements of Fact About the Past and Present Are Called