Which of the Following Is True Regarding Sally's Attempt to Return

question 22

Multiple Choice

Which of the following is true regarding Sally's attempt to return the damaged dress?

• A) In all states Sally has the right to keep the dress and get a refund.
• B) In all states Sally must return the dress; but she has a right to a full refund.
• C) Regardless of what she does with the dress, Sally has no right to a refund in any state.
• D) In some states Sally would have an obligation of restitution to the store.
• E) In all states Sally would have an obligation of restitution to the store.

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Definitions:

Behavioralist Approach

A method in economics that uses psychological insights into human behavior to explain economic decision-making.

Legal Cartel Theory

A concept in economic theory suggesting that certain legal frameworks or conditions can enable firms to engage in cartel-like behavior without explicit agreements.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to prohibit monopolistic business practices.