Chapter 39, Problem 13CP

The pain reliever medicine, Analgesia-T manufactured by CPC Company is a well-known analgesic that provides relief from pain and serves as a palliative to people worldwide. However, in the 1980s, several persons died after taking capsules of the well-known medicine. It was found out, that the medicines contained cyanide, a highly poisonous, white crystalline element accidentally mixed with the medicines because of factory defect. The sister company of CPC, the Jackson Company took the initiative and without delay, made steps to resolve the problem. It readily ordered the retrieval of the product from the market. Be that as it may, the company lost about $100M dollars by recalling more than 31 million bottles of Analgesia-T. The Jackson Company made all efforts to launch an information campaign in order to allay the fear of the consumers. The company ran a continuous media campaign and a toll-free customer care hotline. Millions of capsules were tested by reliable agencies and…

You are President and CEO of Apex Business Systems, Inc. (Apex). Apex, through its purchasing agent, bought a new microwave from Inki Appliances Company (Inki) who sells microwaves on a daily basis. There was no written or oral warranty given when the sale was made. The microwave stopped working one week after it was placed it in the company kitchen. Assume also that nobody misused the microwave or in any way caused it to quit working. The purchasing agent returned the microwave three days after it quit working. The owner of Inki refused to repair or replace the microwave or offer a refund. Prepare a demand letter to be sent to Inki.

For the scenario below, determine the legality of the company's actions. Ioncorp sells cabinets nationwide to the furniture company Blinkorp. It makes an agreement that Blinkorp will only sell Ioncorp cabinets in its warehouses.      Strictly illegal   Legal   Illegal, depending on impact

What is the sole purpose of the Consumer Product Safety Commission (CPSC)?

Gilcorp sells eggs to customers one day for $3.00 per dozen. The following day they sell their eggs for $4.25 per dozen. Which of the following is true of this action? a) This is legal b) This is illegal per se c) This may be illegal under the rule of reason

Bart Inc. developed a new medical rub called “NoPain Muscular Rub” that can be used in the event of muscular back pains. Bart Inc. via an online advertisement stated that they are willing to pay $5,000 to anyone who used their muscle rub “Nopain” for one week and still suffers from back pains thereafter. Bill who suffers from back pains, saw the online advertisement and decided to purchase “NoPain Muscular Rub”. He used it for a full week, but nevertheless still suffered from back pains. Based on the fact that the muscular rub “Nopain” did not relieve his back pains, he sued Bart Inc. for the monies that were promised. However, Bart Inc. argued that the advertisement was not an offer, but an invitation to invite offers.  They further argued that at no point in time did Bill make an offer and as such, they are not bound to pay him any monies, since the parties did not create any binding agreement. Advised Bill on his legal options stating relevant case law as well as using the IRAC…

1. Application of Consumer Protection Laws A number of laws have been enacted specifically to define the rights of consumers who enter into credit transactions. It is next to impossible to live in modern society without entering into some form of credit transaction so it is important for the consumer to know and understand their rights. Companies that extend or collect on delinquent credit must also know their obligations to the consumer. Read the statements. Drag and drop each item into the law which most specifically applies to the situation. Each category should contain only three statements. Skip Tracing. Loan Term. Warranties. Credit Cards. Check/Debit Cards. Geographic Limitation. Right to Dispute or Explain. Credit Charges. FCRA Obscenities. Creditor Exemption. TLA suran FDCPA Investigative Reports. Recrediting. FCBA Red Lining. Delinquency Charges. None of the Categories Required information

BMW bought billboard adversiting at the Jay's games for $80,000. It is estimated that they sold an additional 50 cars during the campaign. The contrintuion margin they made on each car during this promotional campaign was $2,000. What is the ROMI for the billboard advertising?

CASE SALES OF GOODS ACT Star Homes Company a home builder in Sohar purchased various appliances of value RO 5000 from International Appliances Company a retail merchant selling home appliances in Muscat. They were intended to be installed in one of the Star Homes under construction houses and were to be delivered on February 1 between 9:00 am to 5:00 pm. At 5 o’clock on that day, the appliances had not been delivered to Star Homes Office. Star Homes employees waited for a while closed the office and left. Sometimes between 5:00 pm and 6:30 pm International Appliances Company truck came and since was no one present in Star Homes office the delivery man put the appliance in the garage and left. During the night, someone stole the appliance. Star Homes denied that it was responsible for the loss and refused to pay International Appliances Company for the appliances. International Appliances Company filed a case against Star home company claiming for the purchase price. QUESTIONS: 3-​If…