What Is the Difference Between a Specialty Good and a Specialty

question 60

Multiple Choice

What is the difference between a specialty good and a specialty service?

• A) A specialty service is an intangible item and a specialty good is a tangible item.
• B) A specialty good costs more than a specialty service.
• C) A specialty service is often compared to other services before purchase.
• D) A specialty good can be compared to other items using the Internet.
• E) A specialty service is purchased regularly.

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Definitions:

Mirror Image

A principle in contract law that requires the terms of the acceptance to exactly match the terms of the offer.

Quasi-Contract Theory

A legal concept where a court imposes a contractual obligation on a party who has not actually entered into a contract, to prevent unjust enrichment.

Family Relationships

Connections between individuals related by blood, marriage, or adoption, affecting legal rights and responsibilities.

Illegal

Refers to actions or activities that are forbidden by law and subject to criminal penalties and sanctions.