Question

1.

Lakme Wholesalers agrees to sell ten $10,000 diamond necklaces it has in stock to Trent's Jewelers. In the agreement, Lakme asserts that each of the ten necklaces contain only diamonds that are completely flawless and colorless - the top of the line in diamonds. This assertion is known as a:

Covenant

Integration

Notice

Representation

Answer 1

Answer:

This assertion is known as a 'Covenant'.

Because a covenant is a promise in a written contract or a deed of real property such as a covenant of warranty, which is a promise to guarantee the title to property, a promise agreeing to joint use of an easement for access to real property, or a covenant not to compete, which is commonly included in promises made by a seller of a business for a certain period of time.

Thus the first option (i.e. covenant) is the correct answer.