A buyer obtains an insurable interest when the goods are identified to the contract
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
When determining the operational feasibility of a new system, the expected ease of transition from the old system to the new system should be considered
Indicate whether the statement is true or false
Which of the following describes a serial bond?
A) a bond that matures in installments at regular intervals B) a bond that gives the bondholder a claim for specific assets C) a bond that matures at one specified time D) a bond that is not backed by specific assets
Ramon, I believe that you will succeed," said Juan, his mentor. "When an entrepreneur is contemplating a new business, the very first step is to have ________. You are on the right track."
A. family support B. investors C. a great idea D. a good location E. financial capital
In the case of a nonshipment contract, risk of loss passes to the buyer upon actual receipt of goods:
A) only if the seller is a merchant B) only if the seller is a nonmerchant C) only if the buyer has already paid for them D) in all nonshipment contracts