Question 1: Risk Assumptions
Risk management is a critical component of in car purchases. This is because it safeguards the interest of both the car buyer and also the car seller. Risk management in car purchase transactions are thus ensured through the car purchase contract. There are several risk assumptions in the area of car purchases (PMI 369). One of the assumptions is superior car security and safety. The contract should adequately illustrate issues of car security. The second assumption entails car insurance. All vehicle purchase agreements must illustrate adequate knowledge on how insurance services will be serviced. The insurance is critical because it ...