Rebecca contracted Matthew Properties Inc. to repair her apartment for $20,000. On completion of repairs, Rebecca observed that the garages and the attic had not been repaired. Although the contract stated that Matthew Properties will repair the garage and the attic thoroughly, Rebecca did not raise the issue. She instead made a full payment for the services rendered. In this scenario, Matthew Properties Inc. has been discharged from obligations of repairing the garage and the attic by a (n) :

Question

Elliana Reilly

Business

31 May, 10:30

Rebecca contracted Matthew Properties Inc. to repair her apartment for $20,000. On completion of repairs, Rebecca observed that the garages and the attic had not been repaired. Although the contract stated that Matthew Properties will repair the garage and the attic thoroughly, Rebecca did not raise the issue. She instead made a full payment for the services rendered. In this scenario, Matthew Properties Inc. has been discharged from obligations of repairing the garage and the attic by a (n) :

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Pruitt · Answer 1

Answer: Waiver

Explanation:

A waiver also called a release form is a legal document that contains an agreement between two parties. It is an essential document which informs participants of the risks that are involved in certain activities and protects the parties involved from liability.

The first party is the releasor which is the person promising not to sue and the second party is the releasee which is the party that is reliable. After the form is signed, the first party which is the releasor accepts that the risk involved is understood and also promises not to sue the releasee in case there are damages caused.