Principle: If you sell an item that you know to be defective, telling the buyer that the item is sound, you thereby commit fraud.Application: Wilton sold a used bicycle to Harris, knowing very little about its condition. Wilton told Harris that the bicycle was in good working condition, but Harris soon learned that the brakes were defective. Wilton was therefore guilty of fraud.The application of the principle is most vulnerable to criticism on the grounds thata)the application fails to establish whether Wilton was given the opportunity to repair the brakesb)the application fails to indicate how much money Wilton received for the bicyclec)the application uses the word andldquo;defectiveandrdquo; in a sense that is crucially different from how it is used in the statement of the principled)Harris might not have believed Wiltonandrsquo;s statement about the bicycleandrsquo;s conditione)asserting something without justification is not the same as asserting something one knows to be falseCorrect answer is option 'E'. Can you explain this answer?

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Principle: If you sell an item that you know to be defective, telling the buyer that the item is sound, you thereby commit fraud.

Application: Wilton sold a used bicycle to Harris, knowing very little about its condition. Wilton told Harris that the bicycle was in good working condition, but Harris soon learned that the brakes were defective. Wilton was therefore guilty of fraud.

The application of the principle is most vulnerable to criticism on the grounds that

a)
the application fails to establish whether Wilton was given the opportunity to repair the brakes
b)
the application fails to indicate how much money Wilton received for the bicycle
c)
the application uses the word “defective” in a sense that is crucially different from how it is used in the statement of the principle
d)
Harris might not have believed Wilton’s statement about the bicycle’s condition
e)
asserting something without justification is not the same as asserting something one knows to be false

Correct answer is option 'E'. Can you explain this answer?

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Principle: If you sell an item that you know to be defective, telling ...

(A) The application fails to establish whether Wilton was given the opportunity to repair the brakes.
This option suggests that the application should have considered whether Wilton had the opportunity to fix the defective brakes before selling the bicycle to Harris. However, this information is not necessary to determine whether Wilton committed fraud. Even if Wilton had the opportunity to repair the brakes but knowingly sold the bicycle with defective brakes, it would still be considered fraud. Therefore, this criticism is not the most relevant vulnerability in the application.

(B) The application fails to indicate how much money Wilton received for the bicycle.
This option questions the relevance of the amount of money Wilton received for the bicycle in determining whether fraud was committed. However, the principle focuses on the act of knowingly selling a defective item while claiming it to be sound, rather than the financial transaction itself. The amount of money received does not affect whether Wilton committed fraud or not, so this criticism is not the most relevant vulnerability in the application.

(C) The application uses the word "defective" in a sense that is crucially different from how it is used in the statement of the principle.
This option points out a potential discrepancy in the usage of the term "defective" between the principle and the application. If the word "defective" is used differently in the application compared to how it is used in the principle, it could introduce ambiguity or inconsistency. However, based on the information provided, there is no indication that the term "defective" is used differently in the application. Therefore, this criticism is not the most relevant vulnerability in the application.

(D) Harris might not have believed Wilton's statement about the bicycle's condition.
This option raises the possibility that Harris did not believe Wilton's claim that the bicycle was in good working condition. If Harris did not believe the statement, it could weaken the argument that Wilton committed fraud. However, the principle focuses on the seller's knowledge and intention to deceive, regardless of whether the buyer believed the statement or not. So while this criticism introduces a potential vulnerability, it is not the most relevant one in this case.

(E) Asserting something without justification is not the same as asserting something one knows to be false.
This option accurately identifies the main vulnerability in the application of the principle. The application assumes that Wilton knowingly made a false statement about the bicycle's condition, even though it is stated that Wilton knew very little about its condition. This criticism challenges the assumption that Wilton committed fraud based on lacking knowledge rather than intentional deception. It questions whether there is sufficient evidence to support the claim that Wilton knowingly sold a defective item while claiming it to be sound, which undermines the application of the principle.

Among the options provided, option (E) presents the most relevant criticism to the vulnerability in the application of the principle.

Answered by Talent Skill Learning · View profile

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Principle: If you sell an item that you know to be defective, telling the buyer that the item is sound, you thereby commit fraud.Application: Wilton sold a used bicycle to Harris, knowing very little about its condition. Wilton told Harris that the bicycle was in good working condition, but Harris soon learned that the brakes were defective. Wilton was therefore guilty of fraud.The application of the principle is most vulnerable to criticism on the grounds thata)the application fails to establish whether Wilton was given the opportunity to repair the brakesb)the application fails to indicate how much money Wilton received for the bicyclec)the application uses the word “defective” in a sense that is crucially different from how it is used in the statement of the principled)Harris might not have believed Wilton’s statement about the bicycle’s conditione)asserting something without justification is not the same as asserting something one knows to be falseCorrect answer is option 'E'. Can you explain this answer?

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Principle: If you sell an item that you know to be defective, telling the buyer that the item is sound, you thereby commit fraud.Application: Wilton sold a used bicycle to Harris, knowing very little about its condition. Wilton told Harris that the bicycle was in good working condition, but Harris soon learned that the brakes were defective. Wilton was therefore guilty of fraud.The application of the principle is most vulnerable to criticism on the grounds thata)the application fails to establish whether Wilton was given the opportunity to repair the brakesb)the application fails to indicate how much money Wilton received for the bicyclec)the application uses the word “defective” in a sense that is crucially different from how it is used in the statement of the principled)Harris might not have believed Wilton’s statement about the bicycle’s conditione)asserting something without justification is not the same as asserting something one knows to be falseCorrect answer is option 'E'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Principle: If you sell an item that you know to be defective, telling the buyer that the item is sound, you thereby commit fraud.Application: Wilton sold a used bicycle to Harris, knowing very little about its condition. Wilton told Harris that the bicycle was in good working condition, but Harris soon learned that the brakes were defective. Wilton was therefore guilty of fraud.The application of the principle is most vulnerable to criticism on the grounds thata)the application fails to establish whether Wilton was given the opportunity to repair the brakesb)the application fails to indicate how much money Wilton received for the bicyclec)the application uses the word “defective” in a sense that is crucially different from how it is used in the statement of the principled)Harris might not have believed Wilton’s statement about the bicycle’s conditione)asserting something without justification is not the same as asserting something one knows to be falseCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Principle: If you sell an item that you know to be defective, telling the buyer that the item is sound, you thereby commit fraud.Application: Wilton sold a used bicycle to Harris, knowing very little about its condition. Wilton told Harris that the bicycle was in good working condition, but Harris soon learned that the brakes were defective. Wilton was therefore guilty of fraud.The application of the principle is most vulnerable to criticism on the grounds thata)the application fails to establish whether Wilton was given the opportunity to repair the brakesb)the application fails to indicate how much money Wilton received for the bicyclec)the application uses the word “defective” in a sense that is crucially different from how it is used in the statement of the principled)Harris might not have believed Wilton’s statement about the bicycle’s conditione)asserting something without justification is not the same as asserting something one knows to be falseCorrect answer is option 'E'. Can you explain this answer?.

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Wilton was therefore guilty of fraud.The application of the principle is most vulnerable to criticism on the grounds thata)the application fails to establish whether Wilton was given the opportunity to repair the brakesb)the application fails to indicate how much money Wilton received for the bicyclec)the application uses the word “defective” in a sense that is crucially different from how it is used in the statement of the principled)Harris might not have believed Wilton’s statement about the bicycle’s conditione)asserting something without justification is not the same as asserting something one knows to be falseCorrect answer is option 'E'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Principle: If you sell an item that you know to be defective, telling the buyer that the item is sound, you thereby commit fraud.Application: Wilton sold a used bicycle to Harris, knowing very little about its condition. Wilton told Harris that the bicycle was in good working condition, but Harris soon learned that the brakes were defective. Wilton was therefore guilty of fraud.The application of the principle is most vulnerable to criticism on the grounds thata)the application fails to establish whether Wilton was given the opportunity to repair the brakesb)the application fails to indicate how much money Wilton received for the bicyclec)the application uses the word “defective” in a sense that is crucially different from how it is used in the statement of the principled)Harris might not have believed Wilton’s statement about the bicycle’s conditione)asserting something without justification is not the same as asserting something one knows to be falseCorrect answer is option 'E'. 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Wilton was therefore guilty of fraud.The application of the principle is most vulnerable to criticism on the grounds thata)the application fails to establish whether Wilton was given the opportunity to repair the brakesb)the application fails to indicate how much money Wilton received for the bicyclec)the application uses the word “defective” in a sense that is crucially different from how it is used in the statement of the principled)Harris might not have believed Wilton’s statement about the bicycle’s conditione)asserting something without justification is not the same as asserting something one knows to be falseCorrect answer is option 'E'. Can you explain this answer? has been provided alongside types of Principle: If you sell an item that you know to be defective, telling the buyer that the item is sound, you thereby commit fraud.Application: Wilton sold a used bicycle to Harris, knowing very little about its condition. Wilton told Harris that the bicycle was in good working condition, but Harris soon learned that the brakes were defective. Wilton was therefore guilty of fraud.The application of the principle is most vulnerable to criticism on the grounds thata)the application fails to establish whether Wilton was given the opportunity to repair the brakesb)the application fails to indicate how much money Wilton received for the bicyclec)the application uses the word “defective” in a sense that is crucially different from how it is used in the statement of the principled)Harris might not have believed Wilton’s statement about the bicycle’s conditione)asserting something without justification is not the same as asserting something one knows to be falseCorrect answer is option 'E'. 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