Matt Sells Bikes at a Local Discount Store

question 57

True/False

Matt sells bikes at a local discount store.To encourage Bob to buy a more expensive model than he originally contemplated, Matt tells Bob, "This is the most awesome bike money can buy at this price.You can expect lots of riding pleasure." Based on this statement Bob buys the bike.A week later, before his bike is fully paid for, Bob sees a far superior bike for a lower price at another store.Bob can avoid his contract with Matt because of fraudulent misrepresentation.

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Definitions:

Truck

A vehicle engineered for the purpose of transporting goods or cargo.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing between two or more options.

Truck

A motor vehicle designed to transport cargo, with various types and sizes for different load capacities.

Car

A wheeled motor vehicle used for transportation, typically carrying a few passengers.