Question: Which statement about caveat emptor is not correct? Multiple choice question. It is a legal statement used to protect consumers. It has been routinely discredited

Which statement about caveat emptor is not correct?
Multiple choice question.
It is a legal statement used to protect consumers.
It has been routinely discredited by courts.
Rip-off artists, frauds, and producers of shoddy merchandise often use it.
It means let the buyer beware.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Which statement about caveat emptor is not correct? It has been routinely discredited by courts. Rip - off artists, frauds, and producers of shoddy merchandise often use it . It is a legal statement...

Q:

Chapter 19 "Sale of GoodsThe sale of goods is the transfer of ownership to tangible personal property in exchange for money, other goods, or the performance of services. The law of sales of goods is...

Q:

All questions are to be answered in a short essay form. Structure your answers around the factual basis. 1. Landlord-tenant relationship is a peculiar one. Please discuss legal aspects of this...

Q:

Channels of distribution in global marketing are often long and complex. The availability and quality of retailers and wholesalers as well as transportation, communication, and warehousing facilities...

Q:

NAME (PRINT): Last/Surname STUDENT #: First /Given Name SIGNATURE: UNIVERSITY OF TORONTO APRIL 2012 FINAL EXAMINATION MGM290H5S Regulatory Issues Jan Weir - Law portion Duration - 2 hours Aids: Open...

Q:

Vendor and Purchaser 2 Tutorial Questions Tutorial 2 Modules 2 Module 2: Inquiries and Affectations Question 1 At what stage must a proposal reach before it can be said to have come into existence?...

Q:

UIZ 2 QUESTION 1 Chavez is a manager of X Corporation. Another company asks for a recommendation about a former employee of X, Burke, who is now applying for a job. The reference is sent to the new...

Q:

This question doesn't violate honor code it is for my personal knowledge. I just need help with the questions below I have a California Real Estate Exam that is coming up soon at the end of this...

Q:

HE STEP-BY-STEP SOLUTION TO: Question 1 of 100 -The law enforces promises through the use of laws. regulations. contracts. policies. 2 of 100 -A substantive law establishes and controls rights and...

Q:

Chapter 6 Defusing Negligence Liability Earlier in this book we discussed the concept of legal fault (blame) and legal obligation (liability). This chapter is devoted to the concept of managing the...

Q:

Compare and contrast the following methods of job evaluation: ranking, classification, factor comparison, and point method.

Q:

Multiple Choice Questions Identify the best answer to each question. 1. A city levies property taxes of $500,000 for its General Fund for a year and expects to collect all except the estimated...

Q:

An independent CPA is conducting an audit of an entity that receives federal financial assistance and is subject to the GAO standards ( GAGAS ) . The auditor must design the audit to provide...

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...