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Section 245.7310-7: Scrap warranty.

The following condition shall be used whenever property, other than production scrap, is offered for sale as scrap:

SCRAP WARRANTY

The Purchaser represents and warrants that the property will be used only as scrap, and will not be resold until-

    (a) Scrapping has been accomplished; or

    (b) The Purchaser obtains an identical warranty from any subsequent purchaser.




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