What are the obligations of the seller and the buyer regarding performance of the sales contract?
The obligations of the seller are: (a) tender conforming goods, (b) notify the buyer the goods are ready for delivery, and (c) make the goods available to the buyer. The obligations of the buyer are: (a) accept the goods if they conform to the contract, (b) pay the contract price, and (c) inspect the goods (not mandatory).
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Marco Insurance acquired shares of Penny Systems' common stock on December 28, 2013, for $400,000 and classified them as trading securities. The fair value of these securities on December 31, 2013, was $402,000 . Marco Insurance sold these shares on January 3, 2014, for $405,000. (Refer to the Marco Insurance) The journal entries to measure trading securities at fair value and recognize
unrealized holding gain in net income on December 31, 2013. a. Cash.....................................................2,000 Marketable Securities..................................... 2,000 b. Other Comprehensive Income.................2,000 Marketable Securities..................................... 2,000 c. Marketable Securities..............................2,000 Other Comprehensive Income........................ 2,000 d. Marketable Securities..............................2,000 Unrealized Holding Gain on Trading Securities........................................ 2,000 e. Marketable Securities..............................2,000 Realized Holding Gain on Trading Securities......................................... 2,000
The remedies for infringement under the Patent Act are:
a. treble damages, when appropriate. b. fines, in cases of knowing infringement. c. imprisonment, in cases of knowing infringement. d. All of these.
One year ago Indigo Company paid a $4 dividend, and during the current year it has experienced a 10% growth rate. The company just paid a dividend of $4.40, i.e., D(o) = 4.40
Due to a new, advanced production technique, Indigo expects to achieve a dramatic increase in its short-term growth rate, to 25% annually for the next 3 years. After this time, growth is expected to return to the long-run constant rate of 10%. If investors require a 15% rate of return, at what price should the stock of Indigo Company be selling today? (Round to the nearest whole dollar.) A) $140 B) $181 C) $126 D) $110 E) $157
Typically, when consumers are in a "passive" shopping mode
A. they are purposefully seeking assistance in order to make informed purchase decisions. B. they seek help from search engines in selecting brands of their choice. C. the information and advice they need to make a purchase comes to them unsolicited. D. they are perpetually in an information processing role. E. they tend to visit the website of a company or brand for product information.