Enrico purchased a home stereo system from Wide Spectrum Sound for $4,000. When the components were all connected the sound produced was so muffled that it needed to be played at full volume in order to get a reasonable clarity
When Enrico returned to Wide Spectrum, the clerk pointed to a clause on the back of the sale receipt that stated: "There are no other warranties or conditions expressed or implied by common law, statute, or otherwise." The clerk also pointed out the same term in the manufacturer's warranty card included with the system. Which of the following would assist Enrico in obtaining a remedy for his defective sound system?
A) The Sale of Goods Act.
B) The fact that Enrico had not read the clause excluding warranties on the back of the sales slip.
C) Consumer protection laws.
D) Common law principles of contract
E) Self-help
C
You might also like to view...
Partners Dennis and Lilly have decided to liquidate their business. The following information is available: Cash$100,000 Accounts payable$100,000 Inventory 200,000 Dennis, Capital 120,000 Lilly, Capital 80,000 $300,000 $300,000 Dennis and Lilly share profits and losses in a 3:2 ratio. During the first month of liquidation, half the inventory is sold for $60,000, and $60,000 of the accounts payable is paid. During the second month, the rest of the inventory is sold for $45,000, and the remaining accounts payable are paid. Cash is distributed at the end of each month, and the liquidation is completed at the end of the second month.Refer to the information provided above. Using a safe payments schedule, how much cash will be distributed to Dennis at the end of
the second month? A. $27,000 B. $36,000 C. $60,000 D. $18,000
The objective-and-task method uses past sales and communication activities to determine the present communication budget.
Answer the following statement true (T) or false (F)
Gurtner Corporation has provided the following data concerning last month's operations. Cost of goods manufactured$170,000Underapplied overhead$4,000 BeginningEndingFinished goods inventory$33,000$40,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?
A. $170,000 B. $203,000 C. $167,000 D. $163,000
In your many travels, you have suddenly found yourself in an auto accident — the very first one where you are at fault. Both cars are blocking a bridge with heavy city traffic. What should you do?
A) Stay at the scene of the accident — have someone call the police and get medical help. B) Move the cars to a safe place so no one else gets hit. C) Call a lawyer to meet you at the scene of the accident. D) Refrain from admitting guilt or signing anything. E) All of the above except C