Contracts generally do not require bargaining that leads to an exchange between the parties
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Ruggers is a maker of a range of highly popular cruise motorcycles. Tim buys a Ruggers motorcycle from a dealership and suffers an accident. While recuperating from his injuries, he learns that Ruggers has recalled all motorcycles it had manufactured and sold in the previous two years, owing to a previously unknown defect in their braking systems. Tim brings a product liability lawsuit against the motorcycle manufacturer and claims $50,000 in damages. The defect in the motorcycle is found to be half responsible for the accident, while Tim's own negligence of traffic rules contributed to the rest. Under the doctrine of contributory negligence, what would be the ruling of the court hearing this case?
A. Tim cannot recover any damages from the motorcycle manufacturer. B. Tim can recover $25,000 worth of damages from the Ruggers and the rest from the dealership from which he purchased the motorcycle. C. Tim can recover $50,000 worth of damages plus any punitive damages that may be awarded by the jury. D. Tim can recover $50,000 worth of damages from the motorcycle manufacturer.
The objective of profit maximization
A) should be the only goal of an organization B) is an objective of financial accounting but not management accounting C) should be achieved through legal and ethical means D) should outweigh the goal of product quality
A former advertising campaign for GEICO Insurance used the slogan "So easy, even a caveman could do it" to emphasize the ease of buying insurance on GEICO's website. This campaign was part of GEICO's
A. mission statement. B. market segmentation plan. C. product strategy. D. positioning strategy. E. customer excellence strategy.
Under the Equal Credit Opportunity Act, lenders may not use a numeric scoring system for deciding who may or may not receive credit
Indicate whether the statement is true or false.