If a party does not fulfill their obligations as set forth in a sales contract, it is known as:
A) non-payment
B) termination.
C) non-performance.
D) all of the above.
C
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Which of the following would constitute the creation of an express warranty for goods?
A) description of the goods B) commendation of the goods C) prior experience with the goods D) affirmation of the value of the goods
Which of the following examples does NOT correctly illustrate the corresponding type of variation?
a. Fabric that will not deteriorate when exposed to varying environments is an example of product design considering external variation. b. Product standardization between different models of a product is an example of product design considering modular variation. c. A replacement part that will fit properly is an example of product design considering unit-to-unit variation. d. A product that is durable is an example of product design considering internal variation.
A company that makes a commercial with a person who does an excellent, realistic job of pretending to be a famous movie star could be sued by the real actor for the tort of:
a. intrusion. b. defamation. c. commercial exploitation. d. none of the above, since public figures are often imitated by other actors.
ROE is an important benchmark because it indicates the overall profits of a firm for a particular period relative to the shareholders' investment in the firm
Indicate whether the statement is true or false