Snuff-it had always promoted its various snuff products as being 100% pure It had approximately 60% of the market for this product
A competitor, Interesting Plant Products, without investigating Snuff-it's product, was bringing out a new line of snuff products which would be in direct completion with Snuff-it. Interesting Plants began an advertising campaign which suggested that Snuff-it's products were less than 100% natural, which was not the case. Which of the following is TRUE?
A) A product cannot have a reputation which can be damaged
B) Interesting Plants has committed the tort of injurious falsehood
C) Interesting Plants has committed the tort of defamation.
D) Snuff-It must prove actual loss for damages to be awarded
E) Interesting Plants is merely engaged in normal business competition in a free market
B
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A CPA prepares income tax returns for a client. After the client signs and mails the returns, the CPA discovers an error. According to Treasury Circular 230, the CPA must
A. Document the error in the work papers. B. Prepare an amended return within 30 days of the discovery of the error. C. Promptly advise the client of the error. D. Promptly resign from the engagement and cooperate with the successor accountant.
Multinational ________ is a straightforward application of the NPV model with one twist: we can do the analysis in either domestic currency or foreign currency
A) capital budgeting B) dividend policy C) derivative budgeting D) agency conflicts