Which of the Following Is/are Required for a Valid Tender

question 45

Multiple Choice

Which of the following is/are required for a valid tender under the Code? The seller must:

• A) put and hold conforming goods at the buyer's disposition.
• B) give notice to the buyer that the goods are available.
• C) give notice at a reasonable time and keep the goods available for a reasonable period of time.
• D) All of these are required.

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Definitions:

Disposable Income

Resources allocated for household expenditure and savings after income tax expenses.

Consumption

Families making use of goods and services.

Conspicuous Consumption

A term coined by Thorstein Veblen, referring to the spending of money on luxury goods and services to publicly display economic power—the consumption for the sake of prestige or status rather than utility.

Reputability

Refers to the quality or state of being reputable, widely respected, and honored by others, often used in the context of individuals, organizations, or businesses.