Which of the Following Strongly Supported the Creation of Principles

question 7

Multiple Choice

Which of the following strongly supported the creation of principles set out in a specialized branch of contract law intended to provide a measure of protection for the purchaser of goods?

• A) the need for modern law concerning the sale of goods and services
• B) historic legislation titled the Sale of Goods Act,enacted in England in 1893
• C) the civil code set of exceptions to the doctrine of caveat emptor
• D) unfair results of the strict application of the doctrine of caveat emptor

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Definitions:

Marginal Utility

The additional satisfaction or benefit received from consuming one more unit of a good or service.

Total Utility

The complete satisfaction received from consuming a particular quantity of goods or services.

Consumer's Income

The total amount of money earned by a consumer, influencing their purchasing power and spending behavior.