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Fred recently obtained a 24-inch remote control colour TV set. What are Fred's rights and the source of these rights in the following circumstances?
(a) Just as he is sitting down to watch 'Match of the Day', there is a flash and a puff of smoke from the back of the TV and the screen goes blank. Fred bought the set new from a local department store. He paid for it in cash.
(b) Fred obtained the TV from his brother-in-law, Tom, by swapping his music centre. Fred was assured by Tom that it was a colour TV, but so far he has only got a black-and-white picture.
(c) Fred is an American football enthusiast. He told the salesman at TV World Ltd, a local electrical shop, that he wanted a TV that would receive Channel 4 broadcasts because of his interest in American football. Fred, who is buying the TV on HP, has now discovered that he cannot get Channel 4 with this particular model.
(d) The remote control unit refuses to work. Fred acquired the TV on hire from a local TV rental firm.
Sand Soap Company management is analyzing the company's standard cost variances for direct materials for the most recent period. The following information was available from company records.
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