A(n) ________ Assists Consumers in Making Consumption Decisions and Supports

question 103

Multiple Choice

A(n) ________ assists consumers in making consumption decisions and supports consumers' rights.

• A) friendship group
• B) shopping group
• C) virtual community
• D) advocacy group
• E) aspirational group

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Definitions:

Negotiation

The process by which parties discuss and arrive at a mutually acceptable agreement.

Transferee

A person or entity that receives property, rights, or interest from another through a legal transfer process.

UCC Section 2-302(a)(1)

A provision under the Uniform Commercial Code allowing a court to refuse to enforce a contract or clause within it that it finds unconscionable.

Holder in Due Course

A term in commercial law referring to an individual who has obtained a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be used against the original issuer.