A seller contracts to sell some rare coins to a collector for $10,000, to be delivered two months
after the date of the contract. On the date that delivery is due, the coins are worth $12,000 but
the seller refuses to deliver.
The collector acquires similar coins the following week for $13,000,
the best price he can find. What can the collector recover from the seller?
A) $3,000
B) $2,000
C) $5,000
D) Nothing, because she chose to enter into a separate contract for the purchase of coins from
another seller
E) $1,000
A
You might also like to view...
Gross profit is calculated by deducting ________ from sales revenue.
A) total fixed costs B) cost of goods sold C) total variable costs D) selling and administrative costs
Rubery (1978) argued that labour markets were not just structured by the actions of employers, but also ___________.
a. The actions of managers b. The ability of labour to maintain, develop, extend and reshape their organization and bargaining power c. The ability of capitalists to control management, who in turn controlled labour d. None of the above
Accounts receivable turnover will normally decrease as a result of:
A. an increase in cash sales in proportion to credit sales. B. a change in credit policy to lengthen the period for cash discounts. C. a significant sales volume decrease near the end of the accounting period. D. the write-off of an uncollectible account against the allowance for bad debts.
Public policy exceptions to the at-will employment rule are common bases for suits by employees wrongfully dismissed
a. True b. False Indicate whether the statement is true or false