The Omega Company is thinking of buying computers for all its work stations. It wants to test them for 30 days before agreeing to buy. The supplier, Dall Computers, agrees to this arrangement
Omega still has the computers after 40 days and has not said what is going to do. Who now owns the computers? Why?
A) Omega. There was a contract between Omega and Dall, and ownership transferred to the purchaser as soon as the contract was made.
B) Dall. Ownership does not transfer to the purchaser until the price has been determined.
C) Dall. Ownership doesn't transfer to the purchaser in a sale on approval until he signifies his approval.
D) Omega. Ownership transferred because it kept the goods after the time fixed for returning them.
E) Since the contract was silent on when ownership transferred, the contract is void.
D
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A(n) ____________________ is a document for recording the direct materials, direct labor, and factory overhead costs incurred on a specific job
Fill in the blank(s) with correct word
Which of the following statements concerning retained earnings is not true?
a. Cash dividends reduce retained earnings; b. Stock dividends do not affect retained earnings; c. Appropriating retained earnings has no effect on total stockholders' equity; d. Stock splits do not affect retained earnings; e. Appropriating retained earnings has not effect on assets
You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24th month, you will have $13,000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning?
A. 7.62% B. 8.00% C. 8.40% D. 8.82% E. 9.26%
Learning curve effects enable managers to pursue aggressive pricing strategies to penetrate new markets and still be profitable in the long run. This statement is an application of learning curves in which of the following functions?
a. workforce planning and scheduling b. cost estimation and budgeting c. new product pricing d. procurement negotiations in supply chains