Identify six possible remedies for a seller when the buyer breaches a contract.
What will be an ideal response?
If a buyer breaches a contract, the seller can always cancel the contract. The seller may be able to: stop delivery of the goods, identify goods to the contract (which will help it recover damages), rea-sonably resell the goods and recover the difference between the resale price and contract price plus incidental damages minus expenses saved, obtain damages for non-acceptance, or obtain the con-tract price.
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What factors should be considered in locating stores? Why should retailers consider those factors?
What will be an ideal response?
Which of the following is NOT one of the three basic types of inventory control systems?
a. single-period system b. multi-period system c. continuous review system d. periodic review system
The concept of judicial review was established by
a. Congress. b. the president. c. the judicial branch of government. d. English common law.
In June of Year 1, Edgar's wife, Cathy, died, and Edgar did not remarry during the year. What is his filing status for Year 1 (assuming they did not have any dependents)?
A. Qualifying widower. B. Single. C. Head of household. D. Married filing jointly.