A merchant buyer who has rightfully rejected goods must follow reasonable instructions from the seller regarding disposition of the goods if the seller has no agent at the place of rejection
Indicate whether the statement is true or false
True
You might also like to view...
[APPENDIX] Which of the following statements regarding partnerships is true?
a. Partnerships have two owners. b. The partnership ends when a new partner is added. c. The partnership is responsible for its own taxes. d. The partnership is a separate legal entity from its owners.
Qualitative forecasting methods are most appropriate when
A) there is good historical data available. B) there is little historical data available. C) experts do not have critical market intelligence. D) forecasting demand into the near future.
Rochester, an Asian country, follows an economic system that facilitates private ownership. The country's economy is based on economic freedom and fair competition. Given this information, the economic system followed by Rochester is _____.
A. socialism B. totalitarianism C. capitalism D. communism
If the premium on a term insurance policy is not paid by the due date, which of the following is true?
A) The policy is immediately terminated. B) The death benefit of the policy is reduced by the amount of the premium owed. C) The premium will be deducted from the cash value of the policy. D) The policyholder is given a grace period to pay after which the policy will be terminated if the premium is not paid.