Amanco is to deliver to D & R Wholesalers 50 dozen wire-rim glasses frames by October 15. On October 2, Amanco delivers 30 dozen wire-rim frames and 20 dozen plastic frames. If D & R rejects the frames:
A) Amanco has until October 15 to cure the defect if it notifies D & R of its intention to do so.
B) D & R need not notify Amanco of its rejection of the nonconforming goods in order for the rejection to be effective since Amanco should know the goods did not meet the contract specifications.
C) the contract is automatically voided since the goods were nonconforming.
D) Amanco has no opportunity to cure the defect since it exhibited bad faith in not sending goods specified in the original contract.
A
You might also like to view...
Identify and discuss the purpose of the three principal organizations designed to facilitate international trade.
What will be an ideal response?
How do followers benefit from authentic leadership?
What will be an ideal response?
While calculating return on common stockholders' equity (ROCSE), net income will be reduced by:
a. dividend paid to preferred stockholders. b. interest paid to bond holders. c. repayment of principal on loans. d. dividend paid to common stockholders.
Under U.S. accounting and translation practices, use of the current rate method is termed ________ while use of the temporal method is termed ________
A) translation; the same B) translation; remeasurement C) remeasurement; the same D) remeasurement; translation