Match Each of the Following Items with the Appropriate Description

question 50

Short Answer

Match each of the following items with the appropriate description, in determining whether sales/use tax typically must be collected.
a.Taxable
b.Not taxable
-Computer software,in the form of a disk purchased by an individual at a rummage sale.

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Definitions:

Material Fact

Any fact that is significant or essential to the subject matter of a contract or legal proceeding, which if known, might have altered the decision of a party.

Innocent Misrepresentation

A false statement made without knowledge of its falsity, leading to a contract or agreement that can be voided.

Commercial Disparagement

A false or misleading statement made about a business's goods or services intended to dissuade others from dealing with the business.

Scienter-based Misrepresentation

A false statement made by someone who knows it's false or recklessly disregards the truth, intended to induce another to act to their detriment.