If goods are held by the seller to be picked up by the buyer, the risk of loss passes to the buyer

upon "tender of delivery," if the seller is a merchant.

Indicate whether the statement is true or false


FALSE

Business

You might also like to view...

Alexandra is paid every 2 weeks by her employer. This type of reinforcement schedule could be referred to as ______.

A. fixed-interval B. fixed-ratio C. variable-interval D. variable-ratio

Business

Answer the following statements true (T) or false (F)

1. The first step in planning an effective presentation is preparing the introduction. 2. The best way to ensure clarity in a presentation is to write a detailed outline. 3. Many presentations are delivered poorly, but they succeed because the speakers anticipate their audience’s reaction. 4. Although the speaker may know the audience well, a thorough analysis is still necessary.

Business

The Poole Company reported the following income for Year 2:      Sales$34,500? Cost of goods sold 8900? Gross margin$25,600? Selling and administrative expense 10,900? Operating income$14,700? Interest expense 4900? Income before taxes$ 9800 Income tax expense 2940? Net income$ 6860 What is the company's net margin?

A. 19.88% B. 42.61% C. 28.41% D. 74.20%

Business

Big Life Insurance Company purchased Regional Bank. Regional Bank has 27 branches in four states

Big Life Insurance Company required one employee at each bank branch to become a licensed life insurance agent and to sell Big Life Insurance Company annuities and life insurance products. This distribution channel is an example of the A) career agent distribution system. B) direct response distribution system. C) financial institution distribution system. D) worksite marketing distribution system.

Business