Doug Rented a Car to Drive from Las Vegas to Los

question 82

True/False

Doug rented a car to drive from Las Vegas to Los Angeles. Doug did not see the warning and he put the wrong kind of fuel in his diesel rental car. The car broke down half-way between Las Vegas and Los Angeles. Doug called the rental car company and complained about his defective vehicle. The rental car company sent out a tow truck with a different car for Doug, paid for a hotel for the night, and offered him coupons for free rentals in the future. Doug did not disclose the fueling issue. Doug has not violated any of the categories of ethical breaches.

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Definitions:

Net Price

The actual price paid for a product or service after all discounts, rebates, and other reductions have been applied.

Discount Method

A financial calculation technique used to determine the present value of future cash flows or payments by applying a specific discount rate.

Discount Date

The last day on which a cash discount may be taken. The day on which a note is discounted (sold).

Due Date

The final day an invoice is to be paid. After that day the buyer may be charged interest. Also, the date by which a loan is to be repaid.