Larry Sells a Truck to Tim

question 24

Multiple Choice

Larry sells a truck to Tim.He does not mention to Tim that the truck has a faulty engine.The truck breaks down after a week,and Tim has to replace the engine,which costs him $2,000.In this case,Tim can sue Larry for the tort of ______.

• A) fraud
• B) trade disparagement
• C) larceny
• D) negligence
• E) conversion

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Definitions:

Yacht Industry

The sector of the economy that is involved in the design, construction, and sale of yachts, ranging from luxury to small racing models.

Tax Burden

The measure of taxes that an individual or entity must bear, often expressed as a percentage of income or GDP.

Government Programs

Initiatives and services provided by the government, funded by government revenue, to meet public needs.

Import Quota

A government-imposed limit on the quantity or value of a particular product that can be imported into a country over a specified time period.