Consumers Are Protected Against Deficient Product Performance by Legislation That

question 57

Multiple Choice

Consumers are protected against deficient product performance by legislation that

• A) qualifies or limits Sale of Goods Act implied conditions and warranties in respect of consumer purchases.
• B) imposes heavy burdens on manufacturers, sellers and consumers who fail to provide products capable of meeting advertised performance claims.
• C) defines consumer warranties to ensure protections are afforded to the appropriate class of persons.
• D) expands sellers' obligations with respect to deficient consumer goods.
• E) All of the responses are correct.

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Definitions:

Total Receipts

The aggregate amount of cash or cash-equivalents received by a company during a given period.

Sales Tax Rate

The percentage of sales price that is added to the sale of goods and services, to be collected by the seller and passed on to the government.

Total Receipts

The total amount of money received by a company during a particular period from all sources.

Unearned Subscription Revenue

Unearned subscription revenue is a liability that represents payments received from customers for services yet to be delivered.