As decided in the case presented in the text, Biddel Brothers v. E. Clemens Horst Co, under a C.I.F. sales contract:
A) the buyer has no right to inspect the goods before payment but is obligated to pay upon the presentation of the proper documents
B) the buyer has the right to inspect the goods prior to paying for them upon the presentation of the proper documents.
C) the buyer has no right to inspect the goods and no obligation to pay upon the presentation of the proper documents.
D) the buyer has the right to inspect the goods and no obligation to pay upon the presentation of the proper documents.
A
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Which of the following items must be examined by the controller or treasurer before signing a check?
A) the ledger B) the purchase order C) the confirmation report D) the journal entry
Department A had 4,000 units in work in process that were 60% completed as to labor and overhead at the beginning of the period, 29,000 units of direct materials were added during the period, 31,000 units were completed during the period, and 2,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in,
first-out method is used to cost inventories. The number of equivalent units of production for material costs for the period was: A) 33,000 B) 29,800 C) 29,000 D) 32,000
Trusts are used to transfer property that is to be held and managed for the benefit of another person or persons
Indicate whether the statement is true or false
The U.S. Commerce Department imposed additional duties of 31 percent to 250 percent on imported photovoltaic products imported by Chinese solar manufacturers after ruling that they sold them below cost. The Commerce Department took this action in response to what it saw as ________.
A. tariff avoidance B. dumping C. surplus marketing D. underbidding E. countertrade