Very Infrequent Purchases and Only Some Comparison Shopping Are Characteristic

question 38

Multiple Choice

Very infrequent purchases and only some comparison shopping are characteristic of the purchasing behaviour for a type of consumer product such as burial insurance that a prospective buyer may not initially want.These products are referred to as _____ products.

• A)shopping
• B)convenience
• C)specialty
• D)unsought

Recognize the role of consideration in the validity of an assignment.

Discuss the enforcement and defenses available to promisors and third parties in contracts.

Identify and explain the types of contracts or rights that are non-assignable and non-delegable.

Understand the distinctions and legal implications between bilateral contracts and unilateral contracts.

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Definitions:

Debit Cards

Bank cards that allow users to make transactions by deducting money directly from their checking account.

Government Securities

Financial instruments issued by a government to finance its public projects, which include bonds, treasury bills, and notes.

Money Supply

Money Supply refers to the total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.