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A Firm Produces Several New Products That Have Low Appeal

question 143

Multiple Choice

A firm produces several new products that have low appeal but may benefit consumers in the long run.What is the most accurate classification of these products?


Definitions:

Assignee

A person to whom rights or property is legally transferred.

Non Est Factum

Non est factum is a legal defense in contract law that asserts a signed agreement is void because the signer was mistaken about its nature and character.

Negligence

A failure to act with the care that a reasonably prudent person would exercise under the same circumstances, often leading to liability for resulting damages.

Privity of Contract

The principle that a contract confers rights and imposes liabilities only on its parties; no outsider can gain rights or be liable under it.

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