Lima Buys a New Car from Motor City Inc

question 68

Multiple Choice

Lima buys a new car from Motor City Inc. In the first month after the purchase, the car repeatedly fails to meet standards of quality and performance. To prevail against Motor in a lemon-law dispute, Lima must

• A)give the dealer or manufacturer an opportunity to remedy the problem.
• B)take the car to an expert third party for an independent inspection.
• C)file a court action without prior notice of the defect to the dealer.
• D)have reason to know of the cause of the failure.

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Definitions:

Fictitious

Not real or based on factual events; products of imagination or fabrication.

Cost of Parking

The expense associated with using a parking space for a vehicle, which may vary based on location, demand, and time spent, influencing urban mobility and real estate values.

Price

The amount of money expected, required, or given in payment for something, often determined by factors like cost, demand, and competition.

Predatory Pricing

A firm’s practice of setting a very low price for one or more of its products with the intent to drive its competition out of business; illegal under both the Sherman Antitrust Act and the Federal Trade Commission Act.