Which of the Following Was the Result on Appeal in American

question 67

Multiple Choice

Which of the following was the result on appeal in American Italian Pasta Company v. New World Pasta Company, the case in the text involving whether the phrase "America's favorite pasta" by the American Italian Pasta Company was deceptive advertising?

• A) The court found the phrase deceptive because a reasonable person would likely interpret the phrase as an objective fact and no factual data to substantiate the claim was available.
• B) The court found the phrase deceptive because no disclaimer was made.
• C) The court found the phrase deceptive because no return policy was available.
• D) The court did not find the phrase deceptive ruling that it was puffery and did not involve statements of fact.
• E) The court did not find the phrase deceptive because the complaining party could not show a loss of profits based on the use of the phrase.

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Definitions:

Shares Outstanding

The total number of shares of stock that are currently owned by shareholders, including restricted shares owned by company insiders.

Reacquired

Refers to stock or securities that a company buys back from its shareholders.

Originally Issued

Refers to securities or financial instruments that are sold for the first time to investors.

Stated Value

The nominal value of a share of stock as determined by the issuing company, which may differ from its market value.