Grace wants to sell her motorcycle, and Ryan is looking for a used motorcycle to buy. Ryan takes it for a test drive. Grace knows that the clutch is going out on her motorcycle, the fuel filter is leaking, and the tires will need to be replaced soon. If she does not disclose this information to Ryan and he cannot tell from his test drive, this is an example of

Question

05-04-2021
Business

Answered

From personal advice to professional guidance, IDNLearn.com has the answers you seek. Discover prompt and accurate answers from our community of experienced professionals.

Grace wants to sell her motorcycle, and Ryan is looking for a used motorcycle to buy. Ryan takes it for a test drive. Grace knows that the clutch is going out on her motorcycle, the fuel filter is leaking, and the tires will need to be replaced soon. If she does not disclose this information to Ryan and he cannot tell from his test drive, this is an example of

Sagot :

Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Find reliable answers at IDNLearn.com. Thanks for stopping by, and come back for more trustworthy solutions.

Expert Nurses Develop A Personal Mindset Called "being" That Is Solely Informed By Social And Professional Rules, Principles, Laws, Codes, And Standards.

1. Select The Correct Answer From Each Drop-down Menu.Ryan And Curtis Are Randomly Drawing Tiles From A Bag Containing 26 Tiles, Each Labeled With A Different L

Which Of The Following Tools Could Have Become Cross-contaminated During The Experiment If You Had Not Cleaned Them Carefully Between Successive Tests? Spoon

The Ultimate Decision Maker For Setting Economic Policy In The Command System Of The Soviet Union:a. Rested With The Consumer Under The Principle Of Consumer So

If Isosceles Triangle [tex]$ABC$[/tex] Has A [tex]$130^{\circ}$[/tex] Angle At Vertex [tex]$B$[/tex], Which Statement Must Be True?A. [tex]$m \angle A=15^{\circ

Study This List: • Insurance For Retirees • Unemployment Compensation System • Aid To Families With Dependent Children And The Disabled Based On Your Own Knowle

I'm Trying To Cite A Source (in MLA Format) And I'm Not Sure How I Should Do It. 'The Little Norton Reader' Is A Collection Of Essays, Written By Melissa Goldt

Select The Correct Answer.How Did The Dust Bowl Affect The Communities Of The Southern Plains States?A. The Population Declined As Millions Left For Job Opportu

A Patient Is Prescribed An Antidepressant Medication That Is Used For Both Depression Treatment And Smoking Cessation. Which Of The Following Would NOT Be A Pot

Select The Correct Text In The Passage.In Addition To Immigration, What Is Another Factor That Has Changed American Identity?The Concept Of American Identity Ha

BreadRaccidn BreadRaccidn · Answer 1 · 2021-04-05T18:01:45-04:00

BreadRaccidn BreadRaccidn

05-04-2021

Answer:

lack of disclosure

Explanation:

As a rider, this is idiotic as both are clear when riding and even before mounting the vehicle. it is highly illegal to sell a vehicle or piece of property without disclosing problems that you know of.

Answer Link

Nikitavidya0idn Nikitavidya0idn · Answer 2 · 2022-07-14T03:08:49-04:00

The given situation is an example of asymmetric information.

What is the meaning of Asymmetric Information?

Asymmetric information refers to the transaction in which two parties are involved and one party has more information than the other. In those transactions buyers and take the advantage of the seller.

According to the given situation there is transaction of selling of the motorcycle is involved between Grace and Ryan. The Grace does not disclose the complete information about the clutch. This type of the transaction is called as Asymmetric information.

Learn more about Asymmetric information here:

https://brainly.com/question/8002460

#SPJ2

Sagot :

What is the meaning of Asymmetric Information?

Other Questions