Jennifer Has Offered to Sell Her Computer for $1750 to Jack.She

question 15

Multiple Choice

Jennifer has offered to sell her computer for $1750 to Jack.She tells Jack that the computer is only six months old but,in fact,the computer is three years old,and Jennifer wants to unload the lemon.Jack agrees to buy the computer based on Jennifer's representations.This contract is:

• A) a void agreement because of the fraud involved.
• B) a voidable contract, one that Jack can void.
• C) a voidable contract, one that Jennifer can void.
• D) a void contract because of the UCC.

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Definitions:

Two-part Tariff

A pricing mechanism that consists of a fixed fee plus a variable charge for every unit of the good or service consumed.

Estate Planning Services

Professional services aimed at assisting individuals in managing the distribution of their assets and wealth after their death.

Two-part Tariff

A pricing strategy where the price of a product or service is composed of two parts: a fixed fee plus a variable charge based on usage or consumption.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.