Lori Went into an Electronics Store That Had a Sign

question 17

Multiple Choice

Lori went into an electronics store that had a sign posted on the wall declaring "All sales final!" She told the salesperson that she was looking for an iPod with Pandora,so that she could listen to streaming music while working out in her WiFi-enabled health club.The salesperson selected a WiFi-capable iPod and told Lori that she could receive Pandora as long as the fitness center had WiFi.The next day,when Lori tried to use the iPod at the fitness center with WiFi,she found that she could only hear static.Which of the following is true of this situation?

• A)Lori will be unable to return the iPod because the store's policy said "All sales final!" at the time of the purchase.
• B)Lori may not be able to claim a refund,since the iPod will be declared as merchantable.
• C)Lori can claim a refund of the iPod on the basis of an implied warranty of fitness for a particular purpose created by the salesperson.
• D)Lori can claim a refund from the store based on a limited warranty that is practiced in the electronics industry.

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Definitions:

Venture Philanthropy Partners

An investment approach that applies venture capital strategies to philanthropy, focusing on building the capacity and sustainability of non-profits.

Impact-Investment Fund

A fund dedicated to investments made with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return.

Social Purpose Venture

A business initiative that prioritizes social benefits alongside financial returns, aiming to address specific social issues.

Hybrid Model

A mixed model that combines two or more different methodologies, theories, or forms of practice.