Wilson, a sales representative at a health club, tried selling a $700 membership plan to one of the club's most loyal customers. The customer agreed to purchase the plan at a lesser price of $500. Keeping in mind that the relationship with the customer was important, Wilson agreed to sell it for $650 along with some additional free services. Which of the following negotiation approaches does this scenario best illustrate?

A disclaimer or exclusion of the warranty of merchantability will be invalid if: A) the goods cost $500 or more

B) the defects in the goods are obvious to all buyers. C) it is made at the time of the sale. D) it is not conspicuously set forth in a writing.

______ is property that may be invisible and impossible to hold

a. intangible property b. good property c. real property d. temporary property e. actual property

In Paramount Contracting Co v. DPS Industries, DPS claimed there was a contract to deliver hundreds of truckloads of dirt for Paramount, which claimed no contract had come into existence. The courts held that since the majority of the value of the contract was for services in using the dirt at a construction site, the contract was under the common law

a. True b. False Indicate whether the statement is true or false

_____ is defined as the relative advantage in one economic activity that one nation enjoys in relation to other nations.

A. Outright advantage B. First-mover advantage C. Absolute advantage D. Comparative advantage