As Decided in the Case Presented in the Text,Biddel Brothers

question 36

Multiple Choice

As decided in the case presented in the text,Biddel Brothers v.E.Clemens Horst Co.,under a C.I.F.sales contract:

• A) the buyer has no right to inspect the goods before payment but is obligated to pay upon the presentation of the proper documents.
• B) the buyer has the right to inspect the goods prior to paying for them upon the presentation of the proper documents.
• C) the buyer has no right to inspect the goods and no obligation to pay upon the presentation of the proper documents.
• D) the buyer has the right to inspect the goods and no obligation to pay upon the presentation of the proper documents.

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Definitions:

Schemas

Cognitive frameworks or mental models that help individuals organize and interpret information based on past experiences and knowledge.

Abstract

A summary of a research study or academic paper that highlights the main points, methodology, results, and conclusions.

Concrete Instances

Specific, real-world examples that illustrate a principle or concept.

Accentuation Principle

Categorization accentuates perceived similarities within and differences between groups on dimensions that people believe are correlated with the categorization. The effect is amplified where the categorization and/or dimension has subjective importance, relevance, or value.