Discuss who has the risk of loss in the absence of a breach in a destination contract for the sale of goods. Also discuss the effect of an agreement of the parties
In a destination contract, the seller has the risk of loss until the goods are tendered to the buyer at the point of destination. The parties may provide otherwise in their contract. The parties may agree with regard to who bears the risk of loss as long as their agreement is in good faith and is not unconscionable. Parties may shift allocation of risk of loss and also may divide the risk between them.
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Given a current ratio of 5 to 3, what is the effect of paying a supplier within 30 days of the purchase?
a. The current ratio would increase. b. The current ratio would decrease. c. The current ratio would remain the same. d. Unable to determine.
Books have which of the following advantages as a source?
A) They are readily accessible, permanent sources of information. B) They develop a topic in greater detail. C) They are inclined to provide more credible evidence. D) All of the above are advantages.
When the makers of Arm and Hammer Baking Soda created toothpaste containing baking soda as one of its ingredients, it was attempting to broaden its current brand with a new product. This strategy is called brand ________.
Fill in the blank(s) with the appropriate word(s).
Cambridge Sales, Inc has gross salaries and wages for March of $45,000
Provide the journal entry to record salaries and wages expense and payroll withholdings. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Salaries and wages to date are under the OASDI limit. Assume no federal or state income taxes are due. What will be an ideal response