The term for individual state laws (vary by state) that provides legal recourse or some form of remedy to consumers when a product does not meet basic quality and performance standards.
A) Obligatory Agreement
B) Lemon laws
C) Junk Law
D) Damaged Deed Agreement
E) Potential Damage Warranty
B) Lemon laws
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Which of the following two methods are typically used for initial screening of investments, rather than for detailed, in-depth analysis?
A) payback and accounting rate of return B) net present value and payback C) internal rate of return and net present value D) accounting rate of return and net present value
A contract is created upon an equivocal response to an offer from the offeree
Indicate whether the statement is true or false
Which of the following occurs under Chapter 13 of the United States Bankruptcy Code?
A) A portion of the consumer-debtor's earnings is paid into court for distribution to creditors over a period of three years. B) Only involuntary petitions for bankruptcy may be filed under Chapter 13. C) Creditors can force petitioners into Chapter 13 bankruptcy. D) A creditor is paid in full for amounts owed by a debtor.
Mark and Alexis have been dating a little over a year. Instead of stepping up to the situation and talking to Alexis either on the phone or in person so that he could clear up any misunderstandings by reading her nonverbal cues, Mark decided to send her a text message to let her know that he did not want to see her anymore. Mark did not use which form of communication and instead took the easy way out by using ______________ communication.
a. Verbal and Written b. Oral and Electronic c. Verbal and Cell phone d. Oral and Written