Deborah purchased a boat from Sun ‘N Surf Marine. She later learned that the salesman had made misrepresentations to induce her to make the purchase. Under UCC Section 2-721, Deborah can rescind the contract
a. only if the misrepresentation was fraudulent.
b. and sue for damages if the misrepresentation was fraudulent.
c. but cannot sue for damages even if the misrepresentation was fradulent.
d. but must forego all other remedies.
b
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Answer the following statements true (T) or false (F)
1. Integration is the tendency of the parts of an organization to draw together to achieve a common purpose. 2. The four stages of organization life cycle include birth, growth, stability, and maturity. 3. In general, organizations become more bureaucratic over their lifetimes. 4. The first stage of in an organization's life cycle is known as the creation stage.
Define treasury stock and provide two reasons why a corporation would purchase treasury stock.
What will be an ideal response?
Profit earned in excess of an amount charged for funds committed to a profit center is referred to as ______________________________
Fill in the blank(s) with correct word
What was the engine that drove the Wine Library's explosive growth?
A) a coast-to-coast mass advertising campaign B) a personal, door-to-door sales campaign C) the firm's enthusiastic approach to using social media D) the company's innovative investor relations program E) an aggressive couponing and point-of-sale effort in liquor stores