Which of the Following Is a Major Characteristic of a Pre-Settlement

question 98

Multiple Choice

Which of the following is a major characteristic of a pre-settlement settlement?

• A) The settlement results in a firm,legally binding written agreement between the parties.
• B) It occurs in advance of the parties undertaking a full-scale negotiation.
• C) The parties intend that the agreement will be replaced by a more clearly delineated long-term agreement which is to be negotiated.
• D) It resolves only a subset of the issues on which the parties disagree,and may simply establish a framework within which the more comprehensive agreement can be defined and delineated.
• E) All of the above are characteristics of a pre-settlement settlement.

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Definitions:

Misleading Warranties

Guarantees or promises made by a seller that are untrue or deceptive, leading consumers to have incorrect expectations about a product.

Quality/Design

The standard of something as measured against other things of a similar kind, and the process of conceiving and planning the structure and functionality of products.

Potential Hazards

Possible sources of danger or harm that may arise from activities, processes, or conditions.

Marketing Ethics

The area of applied ethics which deals with the moral principles behind the operation and regulation of marketing.