An Effective Service Guarantee Would Never Be Described As

question 4

Multiple Choice

An effective service guarantee would never be described as:

• A) Unconditional
• B) Easy to invoke and collect
• C) Standardized and/or generic
• D) Meaningful
• E) Easy to understand and communicate

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Definitions:

Forced

Action taken under compulsion or pressure, lacking voluntary intention.

Fraudulent Misrepresentation

A false statement made knowingly, without belief in its truth, or recklessly, with disregard to its truth, which is intended to induce another party to enter into a contract.

Scienter

Knowledge by the misrepresenting party that material facts have been falsely represented or omitted with an intent to deceive.

Shares

Represents units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.