J & J Co offers a "subscription" for baby toys to be delivered every two months from the birth of a child. Payment must be made within two weeks of delivery. The Markham family accepted the J & J plan when their son, Timmy, was born. When Timmy was four months old, one J & J toy arrived smashed to pieces. Markham:
A) can treat the whole contract as breached and refuse to pay for past installments as well as future installments.
B) can reject the installment and cancel the contract immediately.
C) can reject the installment and refuse to pay if J & J cannot cure it.
D) cannot reject the installment since it is part of a series.
C
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In the rare instance when a par value stock is issued at a cash price below par, the excess of the par value over the amount of cash received should be
a. credited to a liability account. b. debited to the Retained Earnings account. c. debited to an account titled Discount on Capital Stock. d. credited to the Retained Earnings account.
____________ results in differential customer response to marketing activities
a. branding b. advertising c. marketing d. image building e. none of the above
Which of the following is a feature of a new-product strategy?
a. It traces all stages of a product's acceptance, from its introduction to its decline. b. It provides general guidelines for generating, screening, and evaluating new-product ideas. c. It increases the time spent by a product in the introduction stage of its life cycle. d. It gives greater importance to highly structured development process rather than simultaneous development.
The officers of a corporation are responsible for overseeing the board of directors
Indicate whether the statement is true or false