Jill Contracts to Purchase Kevin's Automobile Under the Belief That

question 20

Multiple Choice

Jill contracts to purchase Kevin's automobile under the belief that she can sell it at a profit to Linda, but after Jill has bought the car, she finds out that Linda isn't interested in buying it.Jill:

• A)cannot avoid the contract.
• B)can rescind the agreement.
• C)could rescind the agreement if she was mistaken in her estimate of the value of the auto.
• D)can sue Linda for detrimental reliance.

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Definitions:

Internal and External

Terms that differentiate between elements within an organization (internal) and factors outside of it (external) that influence business operations and strategies.

Searches for Information

The process by which consumers seek out details and facts about products, services, or topics of interest to make informed decisions.

Categories

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Consumer Decision-making Process

The steps a consumer goes through when deciding whether to purchase or not purchase a good or service, typically involving problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior.