Ryan is interested in purchasing two dozen L.E.D. signs from Superior Sign Co If the signs are damaged:
a. and destroyed before Ryan's offer to buy them is accepted, Superior must create new signs to replace the ones Ryan wanted.
b. after the contract of sale is formed and after the risk of loss passed to Ryan, then Ryan has no option but must pay the entire contract price of the signs.
c. without fault of either party before the risk of loss passes to Ryan and the goods were identified when the contract was made, the contract is avoided whether the signs are totally or partially destroyed.
d. All of these.
b
You might also like to view...
A set of procedures designed to insure proper accounting for transactions is called extra control
Indicate whether the statement is true or false
Prime cost is the sum of indirect materials and indirect labor
Indicate whether the statement is true or false
Many forward-looking companies have discovered that their own organization does not generate enough useful new-product ideas. This has caused them to find new product ideas by developing strategic relationships with outside individuals and organizations, a practice known as ________.
A. piggy-back thinking B. open innovation C. stakeholder cooperation D. innovation alliances E. open collaboration
The Carter Corporation makes products A and B in a joint process from a single input, R. During a typical production run, 50,000 units of R yield 20,000 units of A and 30,000 units of B at the split-off point. Joint production costs total $90,000 per production run. The unit selling price for A is $4.00 and for B is $3.80 at the split-off point. However, B can be processed further at a total cost of $60,000 and then sold for $7.00 per unit.If product B is processed beyond the split-off point, the financial advantage (disadvantage) as compared to selling B at the split-off point would be:
A. $96,000 per production run B. ($10,000) per production run C. $36,000 per production run D. ($42,000) per production run