Final answer:
A vendee cannot suspend payment if there is a minor defect in the goods received. Sellers can reassure buyers by offering warranties or service contracts, particularly useful for expensive purchases like cars and appliances.
Step-by-step explanation:
A vendee is not allowed to suspend payment of the price under certain circumstances. The correct answer to when a vendee is not allowed to suspend payment is: Option 3: If there is a minor defect in the goods received. Essentially, if the goods are generally in line with the terms of the sale, purchasers are typically obligated to pay for them even if minor defects are present. The vendee's right to withhold payment usually only arises in circumstances where the breach of contract is substantial, such as significant non-conformity with the contract terms (Option 2) or failure to deliver (Option 1).
In situations of imperfect information, a seller can reassure a potential buyer by offering a warranty, which is a commitment to repair or replace the good within a specific time frame. Another protective measure is the option to purchase a service contract, where the buyer pays an additional fee and the seller agrees to rectify any faults that arise for a certain period. These assurances are especially common for big-ticket items like cars, appliances, and houses, where the stakes are higher due to the value of the purchase.