Generally, a seller has no duty to disclose facts. However, there is a duty to disclose information or facts if the disclosure is necessary to:
a. correct a previous assertion.
b. correct a basic mistaken assumption on which the other party is relying.
c. report a latent defect that the buyer would not be expected to discover.
d. All of the above are true.
d
You might also like to view...
Automating activities, such as logging, tracking, and the ability to provide status updates to customers is very important for large, centralized service desks. Small or local service desks should focus more on customer service and their technical knowledge.
Answer the following statement true (T) or false (F)
Luchini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $111. Budgeted unit sales for April, May, June, and July are 7,100, 10,100, 13,300, and 14,000 units, respectively. All sales are on credit.b.Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. c.The ending finished goods inventory equals 10% of the following month's sales. d.The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $5.00 per pound. e.Regarding raw materials purchases, 40% are paid for in the month
of purchase and 60% in the following month. f.The direct labor wage rate is $18.00 per hour. Each unit of finished goods requires 2.9 direct labor-hours. g.Variable manufacturing overhead is $7.00 per direct labor-hour. Fixed manufacturing overhead is zero. The budgeted accounts receivable balance at the end of May is closest to: A. $672,660 B. $747,000 C. $1,121,100 D. $448,440
Based on her studies, Angela Lee Duckworth determined that grit ______.
a. is primarily a factor in physically demanding tasks b. was only a factor for success in the military c. contributed to success in a wide variety of fields and roles studied d. was related to IQ
The general contractor handed Antoni Gaudi the keys to his dream home during the ________ phase of the project life cycle
A) planning B) conceptualization C) execution D) termination