Which of the following statements holds true for the concept of implicit contract?
Group of answer choices
It refers to the consumers’ right to sue manufacturers for injuries caused by a defective product.
It refers to an unwritten agreement formed between sellers and buyers as a function of their transaction.
It refers to a presumption that protections against deceitful advertising should only be extended to cover marketing efforts that would significantly mislead any consumer, including those much less sophisticated or experienced than typical buyers.
It refers to the identification of consumers with the products he or she buys and an accompanying need to buy in order to exist.
It refers to a presumption that protections against deceitful advertising should only be extended to cover marketing efforts that would significantly mislead a thoughtful, moderately experienced consumer.
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