Tim signs a contract to sell 500 wood pallets for a specified price to Schirmer Industries to be delivered by September 1 . In this case:
a. Tim has a duty to deliver the goods by September 1.
b. Schirmer Industries has a right to receive the goods by September 1.
c. The duties and rights of Tim and Schirmer Industries are correlative.
d. All of these.
d
You might also like to view...
Answer the following statements true (T) or false (F)
1) When using the direct method to account for uncollectibles, an allowance account is used. 2) When using the allowance method to account for uncollectibles, the balance sheet approaches require two steps in determining bad debts expense. 3) Businesses must estimate the amount of bad debts expense at the end of the accounting period only when using the balance sheet approaches. 4) The interest period extends from the original date of the note to the maturity date. 5) The maturity value of a note is the sum of the principal minus interest due at maturity. 6) Interest is generally stated as a monthly rate on notes receivable.
Marketers need to set goals
A) that meet government regulatory approval. B) consistent with the long-term mission and vision of their organizations. C) that are understandable only to employees and investors who read the strategic plan. D) only in the event of a crisis. E) when consumers no longer believe that a firm's products are of the highest quality.
Final product testing is likely to involve feedback from all of the following except?
a. Test markets b. Employees c. Widespread release to customers d. Suppliers
In general, trademark protection is granted based on whether the trademark is:
A) Novel and useful. B) Understandable to the general public. C) The original creation of the trademark registrant. D) Distinctive. E) Marketable.