Linda agrees to buy Missy's Greyhound race dog for $2,000. Linda is to deliver the money and take possession of the dog the next morning. That night, running his best race ever, the dog runs away from Missy, never to be seen again. What will be the outcome in this case?
A. Linda must give $2,000 for the dog, but only if the dog was insured.
B. Linda must give $2,000 for the dog, but only if Missy can find a replacement dog within a reasonable time.
C. Missy must find another dog for Linda or pay her $2,000.
D. Linda does not have to pay for the dog; the contract duties are discharged.
Answer: D
You might also like to view...
Depreciation is a process of ____________________, not a process of valuation
Fill in the blank(s) with correct word
PRIZM is a commercial segmentation tool which combines ________ to provide richer
descriptions of consumer segments. A) geographic data with demographic data B) demographic data with behavioral data C) behavioral data with psychographic data D) psychographic data with geographic data
Which of the following is an advantage of stock repurchases?
A. Stock repurchases generally signal that the stock is overpriced. B. A company carries out a stock repurchase when it wants to lower the market price of its common stock. C. Stock repurchases generally occur at regular intervals during specified time periods. D. Stock repurchases might help to fend off hostile takeover attempts. E. Stock repurchases should be made only when the firm has cash deficiencies.
Many outsiders consider the Chinese system of guanxi to be like nepotism where decisions are made based on family ties instead of an objective assessment of ability.
Answer the following statement true (T) or false (F)