On March 1, Bob Byer entered into a contract with Sam Cellar to purchase goods on credit extended by Sam. On April 1 Sam shipped the goods to Bob. The goods were received by Bob on April 15. Sam mailed an invoice to Bob on May 1. Unless the parties agreed to other terms, the credit period for this purchase began to run on ________.
A. March 1
B. April 1
C. April 15
D. May 1
Answer: B
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a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
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