Morris ordered 1,000 sq. ft. of green carpet from RS Company. In error, RS Company shipped 1,000 sq. ft. of gold carpet. In this case, the risk of loss remains with the seller until the seller remedies the defect or until Morris accepts the gold carpet
a. True
b. False
Indicate whether the statement is true or false
True
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Which businesses typically need a personal guaranty in order to receive a loan?
A. almost all businesses B. small businesses C. no businesses (Businesses do not need personal guaranties.) D. large businesses
When parties to an oral contract have both fully performed their obligations under the contract, the parties are:
A. not allowed to recover the value of the performance in quasi contract. B. not allowed to rescind the contract. C. allowed to seek compensatory damages. D. allowed to rescind the contract.
Describe a test of controls that would provide evidence that only authorized program maintenance is occurring
Department stores carry narrow product lines with deep assortments within those lines
Indicate whether the statement is true or false