A Salesman Innocently Misrepresented a Fact to a Customer About

question 161

Multiple Choice

A salesman innocently misrepresented a fact to a customer about a new printer. He honestly believed his statement was true and was not careless. Although this fact was not about a term of the contract, it did induce the customer to buy that printer. The next day, the customer learned the true facts and wanted to return the printer. If the store refused to take it back and the customer sued, which of the following would be the most likely result?

• A) An award of damages
• B) The buyer's case dismissed
• C) An order of specific performance
• D) An order of rescission
• E) An injunction

Identify the processes involved in creating and organizing cabinet departments within the federal government.

Recognize the role and functions of bureaucrats within governmental organizations.

Analyze the relationship between bureaucracies and the executive, legislative, and judicial branches of government.

Understand the historical development and significance of the civil service system.

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Definitions:

Capital Market Instrument

Financial securities used to raise capital in public and private markets, including stocks and bonds.

Treasury Bond

A Treasury Bond is a fixed-interest government debt security with a maturity of more than ten years.

Common Stock

Equity ownership in a corporation, with voting rights and a share in dividends.

Corporate Bond

A debt security issued by a corporation and sold to investors to raise financing for capital-intensive projects or operational costs.