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In law, puffery is usually invoked as a defense argument: it identifies futile speech, typically of a seller, which does not give rise to legal liability. In a circular manner, legal explanations for this normative position describe the non-enforceable speech as a statement that no " reasonable person " would take seriously anyway.
The court found that no reasonable person could have believed that the company seriously intended to convey a jet worth roughly $37.4 million for $700,000, i.e., that it was mere puffery. The value of the alleged contract meant that it fell under the provisions of the Statute of Frauds , but the statute's requirement for a written agreement ...
The American Marketing Association (AMA) defines advertising as: . The placement of announcements and persuasive messages in time or space purchased in any of the mass media by business firms, nonprofit organizations, government agencies, and individuals who seek to inform and/ or persuade members of a particular target market or audience about their products, services, organizations, or ideas.
The article Goldman Sachs Calls Its Ethical Pledges "Mere Puffery" originally appeared on Fool.com. Fool contributor M. Joy Hayes, Ph.D. is the principal at ethics consulting firm Courageous Ethics .
Fast-food giants Wendy's and McDonald's have defeated a federal lawsuit filed against them after a New York judge dismissed the case accusing the chains of falsely advertising the size of their ...
Advertising in the UK is regulated under the Consumer Protection from Unfair Trading Regulations 2008 [67] (CPR), the de facto successor of the Trade Descriptions Act 1968. It is designed to implement the Unfair Commercial Practices Directive , part of a common set of European minimum standards for consumer protection which legally bind ...
In 2023, the platform supported $24.2 billion in the U.S. GDP, including $15 billion in revenue generated by small businesses through organic reach and TikTok's paid advertising. According to the ...
Advertising increasingly invades public spaces, such as schools, which some critics argue is a form of child exploitation. [2] Advertising frequently uses psychological pressure (for example, appealing to feelings of inadequacy) on the intended consumer, which may be harmful.