The Argument That the Consumer Is Sovereign Holds That

question 6

Multiple Choice

The argument that the consumer is sovereign holds that

• A) consumers must be protected by government.
• B) consumers are the real source of power in the market.
• C) consumers are by nature irrational.
• D) None of the above.

Explain the liability of agents for contracts entered into on behalf of non-existent or undisclosed principals.

Evaluate the responsibilities and obligations of principals and agents in hiring and supervising employees to prevent tortious acts.

Discuss the consequences of misrepresentation by agents in making contracts.

Identify the legal outcomes in scenarios involving agents conducting activities that endanger third parties or involve abnormally dangerous activities.

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Definitions:

Internet Purchases

Buying goods or services online through websites or mobile apps.

Margin of Error

An expression of the amount of random sampling error in a survey's results, indicating a range within which the true value lies with a certain level of confidence.

Confidence Level

The degree of certainty or probability that a parameter lies within a specified range of values.

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