Enrico Purchased a Home Stereo System from Wide Spectrum Sound

question 51

Multiple Choice

Enrico purchased a home stereo system from Wide Spectrum Sound for $4,000. When the components were all connected the sound produced was so muffled that it needed to be played at full volume in order to get a reasonable clarity. When Enrico returned to Wide Spectrum, the clerk pointed to a clause on the back of the sale receipt that stated: "There are no other warranties or conditions expressed or implied by common law, statute, or otherwise." The clerk also pointed out the same term in the manufacturer's warranty card included with the system. Which of the following would assist Enrico in obtaining a remedy for his defective sound system?

• A)The Sale of Goods Act.
• B)The fact that Enrico had not read the clause excluding warranties on the back of the sales slip.
• C)Consumer protection laws.
• D)Common law principles of contract
• E)Self-help

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Definitions:

Purchase Merchandise

The act of buying goods for sale, typically involving the selection, negotiation, and financial transaction for those goods.

(Paid-In) Capital

The amount of money that a company has received from shareholders in exchange for stock.

Stockholders

Individuals or entities that own shares in a corporation, giving them certain rights and potential for profits based on the company's performance.

Accounts Payable

The amount of money that a company owes to its creditors or suppliers for goods and services that have been received but not yet paid for.