Which of the Following Is True Regarding Blake's Options in Regard

question 62

Multiple Choice

Which of the following is true regarding Blake's options in regard to the pontoon boat?

• A)She has only one year in which to return the pontoon boat and seek monetary damages to give her the benefit of the bargain,but she may not seek specific performance.
• B)She has only 90 days in which to return the pontoon boat and seek either specific performance or monetary damages to give her the benefit of the bargain.
• C)She may keep the pontoon boat and seek monetary damages to give her the benefit of the bargain.
• D)She has only one year in which to return the pontoon boat and seek specific performance,but she cannot sue for damages.
• E)She has no options in regard to recovery from the seller because she retained the pontoon boat knowing that the seller refused to grant relief.

Analyze arguments for fallacious reasoning in various contexts.

Explain the fallacy of appealing to emotions, authority, and majority in argumentation.

Understand how personal beliefs and biases can lead to fallacious reasoning.

Critically assess the strength of an argument based on its premises and conclusion.

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Definitions:

Common Shares

Shares of stock, which signify part ownership in a corporation, granting the holder the right to vote on corporate matters and to receive a portion of the company’s earnings via dividends.

Revenues

The cumulative income arising from transactions involving goods or services integral to a firm's primary business.

Liabilities

Financial obligations or debts owed by a company to creditors, representing claims against a company's assets.

Cash

Money in the form of coins or banknotes, used for transactions, and considered the most liquid asset.