When is a buyer deemed to have accepted goods that are delivered pursuant to a contract?
A) Through a failure to reject after he has had a reasonable opportunity to inspect them
B) Immediately upon delivery
C) Only by conduct that shows the buyer's willingness to become owner of the goods
D) Only after an express acceptance
A
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The EOQ model assumes that daily demand is?
a. Unknown b. Increasing c. Decreasing d. Constant
An implied-in-fact contract is one based on the conduct of the parties
Indicate whether the statement is true or false
The break-even point is that level of activity where total revenue equals total cost.
Answer the following statement true (T) or false (F)
The goal of working capital management is to ________
A) achieve a balance between short-term and long-term liabilities so that they add to the achievement of a firm's overall goals B) achieve a balance between a firm's non-current assets and non-current liabilities C) achieve a balance between profitability and risk that contributes positively to a firm's value D) achieve a balance between short-term and long-term assets so that they add to the achievement of a firm's overall goals