A buyer's basic duty under a sales contract includes the obligation to
a. accept nonconforming goods.
b. insist upon delivery of the goods.
c. "cure."
d. accept conforming goods and pay for them.
D
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Trend analysis refers to the identification of characteristics of transactions that are most likely to be fraudulent.
Answer the following statement true (T) or false (F)
The SEC requires publicly owned corporations to have their quarterly financial information reviewed by their independent auditors before it is issued, but does not require that the auditor's review report be included with the quarterly information, although many companies do include the auditor's report
a. True b. False Indicate whether the statement is true or false
Tim buys a high-powered tool from Binford Tools to use on the construction of his own garage. Binford Tools provides a full warranty on the tool for the first six months. To pay for the tool, Tim signs a negotiable promissory note which contains the FTC Notice. Binford properly negotiates the note to First Finance. Within three weeks, the tool stops working and Binford refuses to repair or
replace it. In the meantime, First Finance demands payment from Tim. Under the Federal Trade Commission rules, this consumer credit situation means First Finance can: a. collect if it is a holder in due course. b. collect if it is not a holder in due course. c. collect whether or not it is a holder in due course. d. not collect.
Modern revenue management systems maximize revenue potential for an organization by helping to manage
a. pricing strategies. b. reservation policies. c. short-term supply decisions. d. All of the alternatives are correct.