Under article 25 of the CISG, a breach of contract resulting in such detriment to the other party as substantially to deprive him of what he is entitled to expect under the contract, is:
a. a substantial breach.
b. a material breach.
c. a fundamental breach.
d. None of the above
c
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Which one of the following is not a contra account?
a. Purchase Returns and Allowances b. Accumulated Depreciation c. Transportation-in d. Sales Discounts
In a sale of goods, risk of loss is generally more important than when title passes from seller to buyer
Indicate whether the statement is true or false
A consumer is a:
a. business that purchases a good or service b. person who purchases a good or service c. business that supplies a good or service to other businesses d. a business or person who purchases a good or service e. a person who purchases services from a business
A sample of 13 monthly sales figures (in thousands of dollars) are: 10, 6, 5, 10, 9, 7, 10, 9, 6, 8, 9, 6, and 6. Calculate the mean absolute deviation