When Purchasing Used Computer-Related Equipment Via Internet Auction, Companies Can

question 62

Multiple Choice

When purchasing used computer-related equipment via Internet auction, companies can ____.

• A) always expect prices to be much lower
• B) expect a broad range of equipment selection
• C) obtain product warranties and support
• D) frequently purchase equipment at a 20% to 30% discount

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Definitions:

Voidable

A term applied to a contract that one or both parties have the ability to either withdraw from or enforce.

Good Title

A legal term indicating that a property title is valid and free of any liens or other encumbrances that might hinder its sale or use.

Fair Market Value

The price at which property would sell on the open market between a willing buyer and a willing seller, each having reasonable knowledge of the relevant facts.

Recourse

Recourse refers to the legal right to demand compensation or payment from an individual or entity responsible for a loss, debt, or other obligation.