Under what circumstances may the buyer seek the remedy of replevin?
A) Where the buyer has been able to effect cover
B) Where the goods have been shipped under reservation of a security interest and the buyer has satisfied that interest
C) Where the goods are specially manufactured but can be purchased from another source
D) All of these are correct.
B
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Operating information that has not been stated in dollar terms is called ________ measure
a. appraisal b. internal failure c. prevention d. nonfinancial
What is the right to cure in sales or lease contracts?
A) The right of the buyer to ask for a replacement of nonconforming goods. B) The right of the seller to ship nonconforming goods on grounds of prior acceptance. C) The right of the seller to fix nonconforming goods. D) The right of the buyer to reject shipment of conforming goods.
A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?
A. $280 B. $296 C. $288 D. $304 E. $276
An employer-sponsored medical plan that allows each employee to have pretax earnings deposited into a specially designated account for the purposes of paying specific types of expenses is called a
A) flexible spending account. B) medical emergency account. C) medical contingency account. D) pre-tax contingency account. E) none of the above.