ABC Hardware Store orders one hundred power hand-drills from Best Tools Inc. When the hand-drills are delivered, they are all missing pieces. ABC rejects the shipment. To exercise a right to cure, Best Tools must
A. promptly notify ABC of the intent to cure.
B. pay a cure fee.
C. pick up the nonconforming tools before the end of the business day.
D. enter into a new contract with ABC.
Answer: A
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Which of the following would be reported in the cash flow from operating activities section of the cash flow statement under the direct method?
A. Cash payments made on short-term notes. B. Issuance of common stock. C. Interest and dividends received. D. Increase in taxes payable.
Vehicle Leasing Agency (VLA) and West Coast Trucking Company enter into a contract for a lease of eight cargo vans. VLA delivers eight vans, but they are not cargo-sized. West Coast
A. cannot reject the entire shipment. B. can reject the entire shipment. C. must accept the entire shipment. D. must reject the entire shipment.
Which of the following is an example of intangible property:
a. computers b. furniture c. copyrights d. land e. all of the other specific choices are correct
Which of the following represents the primary forms of ebusiness?
A. B2B, B2C, C2C, C2B. B. Advertising fees, license fees, subscription fees, transaction fees, value-added services fees. C. Content providers, infomediaries, online marketplaces, portals, service providers, transaction brokers. D. Email, instant messaging, podcasting, content management systems, and video and web conferencing.