Pamela Is Planning to Sell Her Home Decorating Store to Her

question 7

Multiple Choice

Pamela is planning to sell her home decorating store to her daughter.Pamela has

• A)a greater duty to reveal problems in the business because her daughter assumes she will be honest.
• B)no duty to disclose hidden defects in the business.
• C)a lesser duty to reveal problems in the business because she has a relationship of trust with the buyer.
• D)a duty to report only any latent defects she knows about that her daughter should not be expected to discover herself.

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.

Bluetooth Speakers

Bluetooth speakers are portable audio devices that wirelessly connect to smartphones, tablets, or computers, allowing for music and other audio playback anywhere.

Expectation

The anticipation or belief regarding a future event or outcome.

Price Rise

an increase in the cost of goods or services over time, also known as inflation in an economic context.