Police Officer Paul apprehends a wanted criminal and then demands the $10,000 reward offered by Crime Stoppers. Which of the following statements is true?
a. Police Officer Paul is not entitled to the reward because past consideration is never valid consideration.
b. Police Officer Paul is entitled to the reward because he puts his life on the line every day.
c. Police Officer Paul is not entitled to the reward because he was under a pre-existing duty to make the arrest.
d. Police Officer Paul is not entitled to the reward but may have an argument under promissory estoppel.
c
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FencePro, a local company, has developed an entirely new mounting system for chain link fences. After acquiring a distributor, FencePro now has the ability to market its products nationwide. FencePro is most likely following a ________ strategy
A) market penetration B) market development C) downsizing D) product adaptation E) product development
To recover for strict liability, the injured party need not show that a product was defective
Indicate whether the statement is true or false
In marketing, the form of competition that occurs when only one firm sells the product is referred to as ________.
A. an oligopoly B. pure monopoly C. a megopoly D. monopolistic competition E. pure competition
Which of the following does NOT have a 10 day cooling off period?
A) a door-to-door sale of a food processor B) the purchase of a fitness club membership C) a contract for dance lessons D) the purchase of a new house E) the purchase of a time share condominium