When a Business Advertises Their Product, the Courts Generally Presume

question 34

Multiple Choice

When a business advertises their product, the courts generally presume that:

• A) The merchant did not intend to enter into contracts with purchasers of their product.
• B) The merchant did not intend to immediately create legal relations with viewers of the advertisement.
• C) The merchant intended any contract with a purchaser to be legally binding.
• D) The merchant intended their statements to be legally binding.

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Definitions:

Year-End

The end of a fiscal or calendar year, often used to reference the closing of financial accounts.

Taxes

Mandatory financial charges or levies imposed by a government on individuals, entities, or transactions to fund government spending and various public expenditures.

Futures Position

An investment strategy involving contracts for the purchase or sale of assets at a future date at a price specified today.

Closed Out

The process of finalizing all positions in a security or contract, effectively ending all obligations or engagements in those positions.