Denver has rightfully rejected nonconforming goods that were delivered to him. Explain his interest in those goods in his possession and his rights and duties regarding the goods
Denver has a security interest in the rejected, nonconforming goods for any payment he made on their price and for any expenses he reasonably incurred in inspecting, receiving, transporting, caring for, and keeping the goods. Denver may hold the goods and resell them. If he resells the goods, Denver is accountable to the seller for any amount of the net proceeds of the resale that exceeds the amount of his security interest.
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The Woodland Park Zoo sells exotic animal dung to the public who can then use the dung as garden fertilizer. This is an example of:
a. earned-income activities b. venture philanthropy funding c. performance measurement d. nonfinancial support
Rock Mining Company operates a gravel pit next to Siera's residence. Siera files a suit against Rock, alleging that the pit is a source of pollution and unreasonably interferes with the enjoyment of her property The court is most likely to award Siera an injunction
a. if letting the pollution continue is equally as harmful as stopping it. b. if letting the pollution continue is less harmful than stopping it. c. if letting the pollution continue is more harmful than stopping it. d. under no circumstances.
Values for the probabilistic inputs to a simulation
a. are selected by the decision maker. b. are controlled by the decision maker. c. are randomly generated based on historical information. d. are calculated by fixed mathematical formulas.
On January 1, you sold one April S&P 500 Index futures contract at a futures price of 1,420. If, on February 1, the April futures price was 1,430, what would be your profit (loss) if you closed your position (without considering transactions costs)?
A. $2,500 loss B. $10 loss C. $2,500 profit D. $10 profit