A Company Prices Its Shoes at $74

question 17

Multiple Choice

A company prices its shoes at $74.99 instead of $75.00.This is an example of a(n) :

• A) seasonal discount.
• B) advertising allowance.
• C) odd price.
• D) listing allowance.
• E) cash discount.

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Definitions:

Omitted Terms

Terms or clauses that are not explicitly included in a contract or legal document but may be implied or necessary for completeness.

Contract

A legally enforceable agreement between two or more parties that is binding and requires each party to fulfill certain obligations.

Implied

In legal context, refers to obligations or rights that are not explicitly stated but are understood as a part of the agreement or contract.

Intervening Illegality

A situation where a change in law or illegal act by a third party prevents the fulfillment of a contract, thereby excusing performance by the contracted parties.