The FTC Requires That a Warrantee Be Available to Be

question 16

Multiple Choice

The FTC requires that a warrantee be available to be read by a consumer prior to purchase when the item costs more than:

• A)$10.
• B)$15.
• C)$20.
• D)$25.
• E)$35.

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Definitions:

Usable Barn

A structure that is in a suitable condition for storage or housing of agricultural equipment, livestock, or farm produce.

Condition Precedent

A contractual clause requiring certain conditions to be fulfilled before a contract becomes effective or an obligation is to be performed.

Condition Concurrent

In contracts, conditions that are to happen or be performed at the same time by both parties involved in the agreement.

Conditions Subsequent

Clauses in a contract that, if met, bring about the termination of the contract's obligations for one or more parties.