Utilize the Knowledge You Have Gained to Respond to the Following

question 19

Essay

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
-Explain why having a prepared plan for dealing with crises is so important.

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Definitions:

Private Sale

A transaction of goods or property conducted directly between individuals without the involvement of an intermediary or public auction.

Reasonable Notification

A requirement to give timely and clear information or warnings in various legal and regulatory contexts, ensuring that parties involved are properly informed.

Unique Goods

Items that are distinct in their characteristics, often irreplaceable, and cannot be substituted easily due to their rarity or specific traits.

Breach of Warranty

Occurs when a seller fails to uphold a claim or promise about a product or service.