Which of the Following Product Offerings Is Intangible

question 94

Multiple Choice

Which of the following product offerings is intangible?

• A) fish for an aquarium
• B) refillable ink cartridges for a computer printer
• C) a mink coat
• D) a meal at a fast-food restaurant
• E) a limousine ride

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Definitions:

Strict Performance

A legal standard requiring parties to a contract to fulfill their obligations exactly as specified in the contract, without deviation or error.

Express Condition

A specific condition explicitly stated in a contract that must be fulfilled for the contract's obligations to be performed.

Condition Subsequent

A condition that operates to relieve or discharge one from his obligation under a contract.

Building Code

Regulations that specify the standards for constructed objects such as buildings and nonbuilding structures, ensuring safety, health, and welfare of the occupants.