Unfortunately, No Laws Prevent a Retailer from Using a Phony

question 179

True/False

Unfortunately, no laws prevent a retailer from using a phony list price-to make a consumer think that the price being charged offers a really big discount.

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Definitions:

Primary Liability

The direct responsibility to pay or compensate for a loss or damage, without the necessity to seek contribution from others.

Cashier's Checks

A check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.

Capacity

The legal ability of a person to enter into a contract, often determined by factors such as age, mental competency, and legal status.

Individual Differences

Variations among individuals in their behaviors, abilities, experiences, and interests, often considered within the study of psychology to understand human complexity.