Which of the Following Statements Is NOT True with Regard

question 100

Multiple Choice

Which of the following statements is NOT true with regard to trade-ins?

• A) Flexible pricing and trade-ins often go hand in hand.
• B) If a trade-in is involved, the consumer must negotiate two prices, one for the new product and one for the existing product.
• C) Research found that trade-in customers tend to care more about the trade-in value they receive than the price they pay for the new product.
• D) About 95 percent of all new car sales involve a trade-in.
• E) On average, customers who trade-in an automobile when purchasing a new one end up paying more than customers who simply buy a new car from a dealer.

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Definitions:

Impossibility

A legal defense in contracts referring to situations where an unforeseen event makes it impossible for a party to fulfill their contractual obligations.

Remote Event

An occurrence that has a very low probability of happening, often considered insignificant in decision-making processes due to its unlikely nature.

Condition Precedent

A clause in a contract that requires certain conditions to be met before the contract or parts of it becomes enforceable.

Condition Subsequent

A condition in a contract or agreement that, if it occurs, terminates the contract or agreement or changes the parties' obligations under it.