Sam wants to sell his golden retriever to Al. Sam tells Al that the dog is three years old and that he will point, back, and retrieve. Al relies on these statements and purchases the bird dog. Although the dog is three years old and will point at birds, he will not back (honor another dog's point). The buyer has most probably been a victim of

Fraud in the inducement

Explanation:

Fraud in the inducement happens when a party goes into an agreement knowing that the agreement is a contract as well as understanding its purpose but makes the agreement based on false information received. Fraud in the inducement is not legal. Any fraud in the inducement Contract is voided, and this causes dismissal of contractual duties.

In this case Al relied on the information he got from Sam to sign the contract. The bird dog that was bought has not being able to perform the duties for which the buyer got it.

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.

earthquake fault lines