River Gear Company and Tours & Trips, Inc, enter into a contract on August 1 for the sale of fifty inflatable river rafts. Tours & Trips cancels the con-tract ten days later. River Gear is unable to sell the rafts to another buyer. River Gear can
A) force Tours & Tripsto accept the rafts and pay for them

B) recover the contract price from Tours & Tripsbut must hold the rafts for it.
C) recover the contract price from Tours & Tripsand keep the rafts.
D) recover the contract price from Tours & Tripsbut must destroy the rafts.


B

Business

You might also like to view...

The manager of employee and industrial relations helps to settle employee complaints and grievances

Indicate whether the statement is true or false

Business

According to NIOSH, exposure to sound averaging ____ decibels for more than eight hours a day presents a risk of hearing loss.

A. 20 B. 50 C. 60 D. 85

Business

Once the FASB has established an accounting standard, the

a. standard is continually reviewed to see if modification is necessary. b. standard is not reviewed unless the SEC makes a complaint. c. task of reviewing the standard to see if modification is necessary is given to the AICPA. d. principle of consistency requires that no revisions ever be made to the standard.

Business

On December 31, Year 1, Houston Company's total current assets were $560,000 and its total current liabilities were $420,000. On January 1, Year 2, Houston issued a long-term note to a bank for $30,000 cash.Required:(a) Compute Houston's working capital (1) before and (2) after issuing the note payable.(b) Compute Houston's current ratio (1) before and (2) after issuing the note payable. Round your answer to two decimal places.

What will be an ideal response?

Business