Donna Runs a Printing Company and Has Called Her Press

question 140

Multiple Choice

Donna runs a printing company and has called her press supplier. The supplier is having difficulty locating a repair company for the press. What problem exists with the press?

• A)product failure  
• B)TQM  
• C)assurance  
• D)serviceability

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Definitions:

Consideration

The value (which could be in the form of money, goods, services, or a promise) exchanged between parties in a contract, making the agreement legally binding.

Tort of Deceit

A civil wrong that involves making false representations with the intentional or reckless disregard for the truth, causing someone else to suffer damage.

Contract Terms

The specific provisions, conditions, and requirements agreed upon by the parties in a contract.

Past Consideration

Consideration given or action performed prior to the current agreement, which is generally not valid as consideration for a current contract.