Generally, the more knowledgeable the customer, the greater the chances the court will interpret an incorrect statement by a salesperson as an actionable misrepresentation rather than as sales puffery.
Answer the following statement true (T) or false (F)
False
There is a subtle difference between sales puffery and statements of fact; they can be difficult to distinguish. In general, the courts interpret a statement as actionable when a customer lacks knowledge about a product sold by a salesperson.
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The Occupational Safety and Health Administration (OSHA), the Food and Drug Administration (FDA), and the Internal Revenue Service (IRS) are examples of independent agencies.
Answer the following statement true (T) or false (F)
Which of the following is not considered an operating expense?
a. General office expenses b. Cost of goods sold c. Freight-out expense d. Advertising expense
Multichannel distribution
A. may involve using both direct and indirect channels simultaneously. B. may create channel conflict. C. may offer producers a way to reach customers they would not be able to reach with a single channel. D. is becoming more common. E. All these answers are correct.
The basic principles of contract law apply to insurance policies
a. True b. False Indicate whether the statement is true or false