Under the doctrine of commercial impracticability, which situation would NOT excuse the seller's performance?
a. The seller forgot to include the cost of freight in a C&F contract.
b. The seller's source of supply is no longer available because of a governmental embargo prohibiting an export from another country.
c. The seller cannot deliver because severe flooding wiped out three-fourths of the state's produce.
d. The seller's workforce is out on an unexpected strike.
a
You might also like to view...
The item number is the primary key for relational table for vendors
Indicate whether the statement is true or false
Current GAAP requires a company to disclose the fair value of its financial instruments and to disclose all significant concentrations of credit risk due to its financial instruments. The FASB's rationale for this disclosure includes allowing readers to
A) better identify major customers. B) compute each company's risk. C) better determine a company's financial flexibility. D) compute liquidity ratios.
Raw materials inventory should not include indirect materials.
Answer the following statement true (T) or false (F)
An entrepreneurial venture is characterized by:
A. normal sales, profits, and growth as opposed to rapid growth and a quick sellout. B. independent ownership and operation and no desire for dominance in its field. C. innovative strategic practices and/or products. D. no scope of growing large, and the owners may not want it to.