Which of the Following Statements Accurately Describe the Law with Respect

question 6

Multiple Choice

Which of the following statements accurately describe the law with respect to consumer transactions?

• A) Where the court decides that a transaction was unconscionable, that transaction is unenforceable by the buyer.
• B) Where a consumer has been subject to a deceptive or unconscionable act or practice, he may recover damages and an order of rescission.
• C) In all consumer transactions, there is a cooling-off period of seven days in which the consumer can call off the deal.
• D) Where a supplier engages in a deceptive or unconscionable act, he is neither subject to fines nor jail.
• E) A deceptive or unconscionable supplier does not lose his right to carry on business in the province.

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Definitions:

Environment of Uncertainty

Circumstances or situations where the outcomes, risks, or effects are unpredictable and lack clarity.

Action Alternatives

Refers to different strategies or courses of action that an organization or individual might choose to address a particular problem or situation.

Cognitive Styles

The ways individuals deal with information while making decisions.

Higher-level Managers

Managers who operate at the top echelons of an organization, focusing on strategic decision-making and organizational direction.