In the Text,the "Red-Line Method" Refers to

question 147

Multiple Choice

In the text,the "red-line method" refers to

• A) The policy of drawing a red line around certain neighborhoods on a map and then refusing to sell on credit to people who live within those areas.
• B) Restrictions imposed by companies which insure credit risks.
• C) The use,in Dun & Bradstreet's reports,of a red line to show the maximum amount of credit which should be extended to a given customer;companies using this limit when they screen customers' orders are said to be using the "red-line method."
• D) A method of controlling inventories by drawing a red line on the inside of a bin.
• E) A method of controlling receivables by drawing a red line on invoices of companies that are expected to pay late.

Distinguish between published and unpublished opinions and their use as precedents.

Comprehend the hierarchy and jurisdictional scope of binding authorities.

Understand the importance and function of persuasive authorities in legal research.

Identify the various publications and materials where legal opinions and case laws are published.

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Definitions:

Magnuson-Moss Act

The Magnuson-Moss Act is a federal law aimed at protecting consumers from deceptive warranty practices, requiring warranties to be clear and comprehensive.

Defective Part

A component or piece of a larger item that has a flaw or imperfection, rendering it unfit for its intended use.

Implied Warranty

A legal guarantee that the goods being sold will be functional and meet certain standards of quality and reliability, even if not explicitly stated.

Warranty Of Fitness

This refers to a seller's promise that the goods sold will be suitable for the purpose for which they are bought.