answered: answer 3 question with thesis statement and background and w

  

answer 3 question with thesis statement and background and write 2 open ended question
1. Why do property sellers give warranties when selling items or properties?
The reason why giving warranties on products is that it makes the sale more appealing to the buyer. It gives the buyer the sense of security that if something were to happen to this machine due to a flaw in the manufacturing or make there is security.
A warranty is a promise about a product made by either a manufacturer or a seller that is a part of the sales contract. It is important for a seller to list warranties out in the contract when selling property or an item.
In relation, it is important that if a company is stating evidence to be factual about their product, then they must deliver a product that does exactly that.
A common example of warranty that we see in our day-to-day lifer the commercials that end with “or get your money back if it doesn’t work after the three-week trial”. The company gives you the opportunity to see if their product truly works & if not you can return it. This sparks the buyers interest because they see it as a no risk.
2. How can you avoid infringement of trademark, patent, copyright, and concept rights?
In this chapter we read about some important, and personal property rights that are protected by law are the ones that are related to intellectual property. An intellectual property is a personal property that has been created through the intellectual efforts of its original owner.
“In the hospitality industry, some managers violate intellectual property rights by using, but not paying for, the intellectual property of others. Good managers both avoid infringing on the property rights of others and pay for those intellectual items they legitimately use to assist their business. When an individual creates something that is unique and valuable, his or her right to enjoy the financial proceeds of that creation is protected by laws related to trademarks, patents, copyrights, and trade dress”.
3. Why should owners purchase title insurance?
Purchasing title insurance is critical for any commercial or private purchase of real estate. Usually, this insurance is obtained at the sale or closing of the property, and usually, it’s purchased for a one-time premium payment. There are five common instances where title insurances have protected a buyer including forgery, improper court proceedings, survey mistakes, missing heirs, and unfilled liens. Lenders will most likely require buyers to obtain title insurance that protects the lender’s interest in the property, which is the loan to the buyer for the purchase. I believe that it’s in the best interest of the buyer and lender to purchase the title insurance in order to protect against any false claims or liens against the property.