Question

1. Should products be legally allowed to be sold "as is" without the seller disclosing known...

1. Should products be legally allowed to be sold "as is" without the seller disclosing known defects or problems? Is it more efficient to put the burden on the seller to disclose known problems or to put the burden on the buyer to detect them?

2. Why do we allow some sales to be "as is" sales, but require others to meet minimum standards? For example, we protect purchasers of automobiles with "lemon laws".

0 0
Add a comment Improve this question Transcribed image text
Answer #1

answer-

1-I would be against "as is" because it should not be legal to sold "as Is" without selller disclosing known defects or problems because it is not good for seller as well as buyer. As is means products are sold in present condition whether the faults are clear or not. a buyer purchase product so that buyer can use it without any issue if seller does not disclose any defect and sell the product as is then it means that seller is decepting buyer and buyer will face the loss in future after making purchase.

No buyer wants to buy a defective product as they are paying thier money for it. I think it is more efficient to put burden on the seller rather than burdern on the buyer detecting them because seller uses the product for long time, they have complete knowledge about the product they are selling so they should inform customers about the issues as it could be difficult for customer to detect them. also buyer have lack of knowledge so they put decision based on the words and informatin given by seller.

2- We allow some sales to be "as is" sales so that customers can be more aware in such sales and make purchase with more attention and alertness. as buyer is paying thier money and they see a product which they want to purchase but product is under as is so they must be more careful while making the purchase. they should do some research that is why there are some minimum standards so that customers can use those standards to make purchase decision.

By HomeworkLib policy, we are allowed to answer only one question per post still i tried to answer all for your help.thank you.

Add a comment
Know the answer?
Add Answer to:
1. Should products be legally allowed to be sold "as is" without the seller disclosing known...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Caterpillar, Inc. Encounters Challenges to Its Ethical Reputation INTRODUCTION Caterpillar, Inc. (CAT) is a global manufacturer...

    Caterpillar, Inc. Encounters Challenges to Its Ethical Reputation INTRODUCTION Caterpillar, Inc. (CAT) is a global manufacturer of construction and mining equipment, machinery, and engines. Best known for its machinery, including its tractors, off-highway trucks, wheel dozers, and backhoe loaders, CAT has more than 500 dealer locations worldwide. In 2014 the company achieved global revenues of more than $55.2 billion. As a result, CAT faces the challenging tasks of managing a complex network of stakeholders. CAT has made a name for...

  • What should have Merck & Co, Inc done differently in regards to river blindness? Merck &...

    What should have Merck & Co, Inc done differently in regards to river blindness? Merck & Company, Inc.: Having the Vision to Succeed by Stephanie Weiss and David Bollier An Expensive Care for a Poor Market In 1978, Dr. P. Roy Vagelos, then head of the Merck research labs, received a provocative memorandum from a senior researcher in parasitology, Dr. William C. Campbell. Dr. Campbell had made an intriguing observation while working with ivennectin, a new antiparasitic compound under investigation...

  • Please read the article and answer about questions. You and the Law Business and law are...

    Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...

  • CASE ANALYSIS OF MONSANTO COMPANY: Give the following: 1. Central Problem 2. SWOC 3. ACAS (3...

    CASE ANALYSIS OF MONSANTO COMPANY: Give the following: 1. Central Problem 2. SWOC 3. ACAS (3 alternative courses of action) 4. RECOMMENDATION (choose the best ACA) 5. CONCLUSION MONSANTO COMPANY When you think of Monsanto, the phrase genetically modified likely comes to mind. The Monsanto Company is the world’s largest seed company, with sales of over $11.8 billion. It specializes in biotechnology, or the genetic manipulation of organisms. Monsanto scientists have spent the last few decades modifying crops, often by...

  • Case 2: Going to The X-Stream Gil Reihana is the chief executive officer of X-Stream, an...

    Case 2: Going to The X-Stream Gil Reihana is the chief executive officer of X-Stream, an Auckland-based company that assembles personal computers for the New Zealand and Australian markets, and sells them through a number of chain stores and independent retailers. He started the company six years ago, at the age of 25, after graduating from university with a Bachelor’s degree in Information Technology and Management. To establish the company, Reihana invested $300 000 he had inherited and persuaded various...

  • Amazon to Competition: We Will Crush You! Amazon to Employees: We Will Churn You! Globally, Amazon...

    Amazon to Competition: We Will Crush You! Amazon to Employees: We Will Churn You! Globally, Amazon is one of the largest and most successful companies in any industry. Technological innovation has contributed to its success, as has its employee acquisition practices, which are exceptionally high. The question is what has allowed this company to thrive and maintain its success? This activity is important because it shows how companies like Amazon hire based on personality and individual differences. Such companies place...

  • Risk management in Information Security today Everyday information security professionals are bombarded with marketing messages around...

    Risk management in Information Security today Everyday information security professionals are bombarded with marketing messages around risk and threat management, fostering an environment in which objectives seem clear: manage risk, manage threat, stop attacks, identify attackers. These objectives aren't wrong, but they are fundamentally misleading.In this session we'll examine the state of the information security industry in order to understand how the current climate fails to address the true needs of the business. We'll use those lessons as a foundation...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT