Wimble ordered 1,000 pro-quality luminescent orange tennis balls from Sports Unlimited at a cost of $800. On June 1, Sports Unlimited shipped standard white tennis balls, but Wimble rejected them. Wimble bought the same number of pro-quality luminescent orange balls from another supplier the same day for $650. In a suit against Sports Unlimited, Wimble may recover $800
Indicate whether the statement is true or false
False
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Discuss the meaning of the term exception handler.
What will be an ideal response?
Who has the responsibility for marking "consumer note" on a promissory note used in a consumer transaction?
A) The vendor B) The bank C) The holder in due course D) third party receiving the note E) The purchaser
Derived demand refers to
A. the relationship between total revenue and total cost to determine profitability at various levels of output. B. a graph relating the quantity sold and price, which shows the maximum number of units that will be sold at a given price. C. the point on a demand curve where supply and demand intersect. D. the demand for industrial products and services that is driven by the demand for consumer products and services. E. the percentage change in quantity demanded relative to a percentage change in price.
A franchising strategy whereby a single franchisee owns more than one unit in a given area is typically referred to as an area developer strategy.
Answer the following statement true (T) or false (F)