With regard to the seller's delivery of nonconforming goods to the buyer, what is meant by the seller's right to "cure?"
What will be an ideal response?
If the delivery date in the contract has not passed, the seller can reship conforming goods on or before the delivery date. If the seller had some reason to believe the buyer would accept nonconforming goods, the seller can take a reasonable time to reship conforming goods even if the original time for delivery has expired. For example, Ace Manufacturing contracts to sell 200 plain red baseball hats to Sam's Sporting Goods, with delivery to be made by April 1. On March 1, Sam's receives a package from Ace containing 200 red baseball hats with blue trim and refuses to accept them. Ace can notify Sam's that it intends to cure the improper delivery by supplying 200 red hats, and it has until April 1 to deliver the plain red hats to Sam's. If Ace thought Sam's would accept the red hats with blue trim because on past shipments it did not object to the substitution, then Ace has a reasonable time even after April 1 to deliver the plain red hats.
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What is dumpster diving?
a. An activity where fraudsters use an information storage device to gain access to valuable information. b. An activity where perpetrator will try to build a relationship of confidence with the victim. c. An activity where criminals watch consumers from a nearby location as they give credit card or other valuable information. d. An activity where fraudsters rummage through consumers' trash.
A business focusing on increasing the efficiency of its operations is more directly addressing:
A) volume flexibility. B) variety. C) consistent quality. D) low-cost.
Which of the following statements is MOST correct concerning flotation costs?
A) Flotation costs are the same for common stock, preferred stock and bonds because they reflect mainly printing costs and legal fees. B) Flotation costs are higher for common stocks than for preferred stocks and bonds due to the higher level of risk associated with owning common stock. C) Flotation costs are generally higher for bonds rather than stocks because the dollar amounts involved are much higher, allowing for economies of scale. D) Flotation costs as a percentage of gross proceeds increase as the size of the security issue increases.
The need for esteem concerns an employee's desire for
A. safety. B. survival. C. a sense of belonging. D. self-worth. E. self-direction.