A person named R received a letter. The letter asked him to participate in a free lithograph of some famous artist. He was asked to return a postcard with her name address and phone number. He sent the postcard. After sometime a person called and asked him to tell his credit card number. After some time the caller asked him to purchase one piece of it while promising that it is of limited edition, excellent work of a famous artist and much more. Caller further even said that artist is going to die in near future and the value of art work is going to increase and they are ready to purchase the art work at three or four times the price when the artist dies. Caller also told him that he will receive the certificate of authenticity and he can also sell it somewhere else for good profit. They are also giving him the 30 day money back guarantee. Character in this case : R. Adequate information : 30 day money back guarantee. To determine: Whether this offer seems genuine or not.

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Answer 1

Question

Chapter 17, Problem 1FPC

Summary Introduction

Case summary:

A person named R received a letter. The letter asked him to participate in a free lithograph of some famous artist. He was asked to return a postcard with her name address and phone number. He sent the postcard. After sometime a person called and asked him to tell his credit card number. After some time the caller asked him to purchase one piece of it while promising that it is of limited edition, excellent work of a famous artist and much more. Caller further even said that artist is going to die in near future and the value of art work is going to increase and they are ready to purchase the art work at three or four times the price when the artist dies. Caller also told him that he will receive the certificate of authenticity and he can also sell it somewhere else for good profit. They are also giving him the 30 day money back guarantee.

Character in this case: R.

Adequate information: 30 day money back guarantee.

To determine: Whether this offer seems genuine or not.

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Answer 2

Question

Chapter 17, Problem 1FPC

Summary Introduction

Case summary:

A person named R received a letter. The letter asked him to participate in a free lithograph of some famous artist. He was asked to return a postcard with her name address and phone number. He sent the postcard. After sometime a person called and asked him to tell his credit card number. After some time the caller asked him to purchase one piece of it while promising that it is of limited edition, excellent work of a famous artist and much more. Caller further even said that artist is going to die in near future and the value of art work is going to increase and they are ready to purchase the art work at three or four times the price when the artist dies. Caller also told him that he will receive the certificate of authenticity and he can also sell it somewhere else for good profit. They are also giving him the 30 day money back guarantee.

Character in this case: R.

Adequate information: 30 day money back guarantee.

To determine: Whether this offer seems genuine or not.

Expert Solution & Answer

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Answer 3

Question

Chapter 17, Problem 1FPC

Summary Introduction

Case summary:

A person named R received a letter. The letter asked him to participate in a free lithograph of some famous artist. He was asked to return a postcard with her name address and phone number. He sent the postcard. After sometime a person called and asked him to tell his credit card number. After some time the caller asked him to purchase one piece of it while promising that it is of limited edition, excellent work of a famous artist and much more. Caller further even said that artist is going to die in near future and the value of art work is going to increase and they are ready to purchase the art work at three or four times the price when the artist dies. Caller also told him that he will receive the certificate of authenticity and he can also sell it somewhere else for good profit. They are also giving him the 30 day money back guarantee.

Character in this case: R.

Adequate information: 30 day money back guarantee.

To determine: Whether this offer seems genuine or not.

Expert Solution & Answer

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Answer 4

Question

Chapter 17, Problem 1FPC

Summary Introduction

Case summary:

A person named R received a letter. The letter asked him to participate in a free lithograph of some famous artist. He was asked to return a postcard with her name address and phone number. He sent the postcard. After sometime a person called and asked him to tell his credit card number. After some time the caller asked him to purchase one piece of it while promising that it is of limited edition, excellent work of a famous artist and much more. Caller further even said that artist is going to die in near future and the value of art work is going to increase and they are ready to purchase the art work at three or four times the price when the artist dies. Caller also told him that he will receive the certificate of authenticity and he can also sell it somewhere else for good profit. They are also giving him the 30 day money back guarantee.

Character in this case: R.

Adequate information: 30 day money back guarantee.

To determine: Whether this offer seems genuine or not.

Expert Solution & Answer

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Answer 5

Chapter 17, Problem 1FPC

Summary Introduction

Case summary:

A person named R received a letter. The letter asked him to participate in a free lithograph of some famous artist. He was asked to return a postcard with her name address and phone number. He sent the postcard. After sometime a person called and asked him to tell his credit card number. After some time the caller asked him to purchase one piece of it while promising that it is of limited edition, excellent work of a famous artist and much more. Caller further even said that artist is going to die in near future and the value of art work is going to increase and they are ready to purchase the art work at three or four times the price when the artist dies. Caller also told him that he will receive the certificate of authenticity and he can also sell it somewhere else for good profit. They are also giving him the 30 day money back guarantee.

Character in this case: R.

Adequate information: 30 day money back guarantee.

To determine: Whether this offer seems genuine or not.

Answer 6

Chapter 17, Problem 1FPC

Summary Introduction

Case summary:

A person named R received a letter. The letter asked him to participate in a free lithograph of some famous artist. He was asked to return a postcard with her name address and phone number. He sent the postcard. After sometime a person called and asked him to tell his credit card number. After some time the caller asked him to purchase one piece of it while promising that it is of limited edition, excellent work of a famous artist and much more. Caller further even said that artist is going to die in near future and the value of art work is going to increase and they are ready to purchase the art work at three or four times the price when the artist dies. Caller also told him that he will receive the certificate of authenticity and he can also sell it somewhere else for good profit. They are also giving him the 30 day money back guarantee.

Character in this case: R.

Adequate information: 30 day money back guarantee.

To determine: Whether this offer seems genuine or not.

Answer 7

Chapter 17, Problem 1FPC

Summary Introduction

Case summary:

A person named R received a letter. The letter asked him to participate in a free lithograph of some famous artist. He was asked to return a postcard with her name address and phone number. He sent the postcard. After sometime a person called and asked him to tell his credit card number. After some time the caller asked him to purchase one piece of it while promising that it is of limited edition, excellent work of a famous artist and much more. Caller further even said that artist is going to die in near future and the value of art work is going to increase and they are ready to purchase the art work at three or four times the price when the artist dies. Caller also told him that he will receive the certificate of authenticity and he can also sell it somewhere else for good profit. They are also giving him the 30 day money back guarantee.

Character in this case: R.

Adequate information: 30 day money back guarantee.

To determine: Whether this offer seems genuine or not.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 17 - Prob. 17.1PQ1 Ch. 17 - Prob. 17.1PQ2 Ch. 17 - Prob. 17.1PQ3 Ch. 17 - Prob. 17.2PQ1 Ch. 17 - Prob. 17.2PQ2 Ch. 17 - Prob. 17.3PQ1 Ch. 17 - Prob. 17.3PQ2 Ch. 17 - Prob. 17.4PQ1 Ch. 17 - Prob. 17.4PQ2 Ch. 17 - Prob. 17.4PQ3

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Chapter 17 Solutions