Patty buys a Persian rug from James, a plumber, in an online auction. James called Patty on Wednesday to inform her that she submitted the winning bid and that she could pick it up anytime or he would ship the rug to her on Friday. On Thursday, the rug was destroyed in a garage fire at James' house. Which of the following statements is true in this case?
A. Patty bears the loss as James was only providing a service.
B. James bears the loss as he has tendered delivery of goods.
C. Patty bears the loss as James is not a merchant.
D. James bears the loss as he has not delivered the goods.
Answer: C
You might also like to view...
Included in Zollar Corporation's liability account balances at December 31 . 2014, were the following: 14 percent note payable issued October 1 . 2014, maturing September 30, 2015 ............. $250,000 16 percent note payable issued April 1 . 2013 . payable in six annual installments of $100,000 beginning April 1 . 2013 ................. 400,000 Zollar's December 31 . 2014, financial statements
were issued on March 31 . 2015 . On January 15, 2015, the entire $400,000 balance of the 1 . percent note was refinanced by issuance of a long-term obligation payable in a lump sum. In addition, on March 10, 2015, Zollar consummated a noncancelable agreement with the lender to refinance the 1 . percent, $250,000 note on a long-term basis, on readily determinable terms that have not yet been implemented. Both parties are financially capable of honoring the agreement, and there have been no violations of the agreement's provisions. On the December 31 . 2014, balance sheet, the amount of the notes payable that Zollar should classify as noncurrent obligations is a. $100,000. b. $250,000. c. $350,000. d. $650,000.
List at least four questions the researcher should ask when considering the ethical implications of a graphic developed to illustrate text
A(n) ________ is a network of activities that generate worth by transforming inputs into outputs.
A. value chain B. information system C. linked investment D. competitive strategy E. business process
Through marketing newsprint to newspaper publishers and glass manufacturers that use it in packing, International Paper segments its market based on
A. customer size. B. psychographics. C. demographics. D. use of product. E. geographic location.