​During the First Quarter of the 20th Century,consumers Were Responsible

question 89

Multiple Choice

​During the first quarter of the 20th century,consumers were responsible for any losses they suffered due to a defective product they purchased.This is because the doctrine of ___ was applied in business transactions.

• A) ​caveat emptor
• B) ​caravan emperor
• C) ​caveat empty
• D) ​emperor penguin

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Definitions:

Caribbean Island

Any of the islands in the Caribbean Sea; these islands are known for their distinctive cultures, biodiversity, and major tourist destinations.

Marxist Leaders

Individuals who lead or have led movements or governments based on the ideological principles of Marxism, focusing on class struggle, the abolition of private property, and the establishment of a classless society.

Tower Commission

An investigative body appointed by U.S. President Ronald Reagan in 1986 to probe the Iran-Contra Affair, which involved illegal sales of arms to Iran and diversion of profits to Nicaraguan rebels.

Oliver North's Weapons Deals

Part of the Iran-Contra affair, where U.S. Marine Lt. Col. Oliver North was involved in the sale of arms to Iran with the intention of funding Contra rebels in Nicaragua during the 1980s.