Which of the Following Is Necessitated Once the Passage of Risk

question 28

Multiple Choice

Which of the following is necessitated once the passage of risk has been completed?

• A) The buyer must pay the agreed-upon price for the goods involved.
• B) The seller must pay monetary compensation for nonconforming goods.
• C) The seller must absorb the cost of loss of goods.
• D) The buyer no longer remains responsible for loss or risk of the goods.

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Definitions:

Fundamental Attribution Error

A bias in social psychology where people tend to attribute others' actions to their character or personality, while attributing their own behaviors to external factors.

Insider Trading

The illegal activity of trading a public company's stock or other securities by individuals with access to non-public, material information.

Externality

In economics, a cost or benefit resulting from an activity that affects individuals or entities who did not choose to be involved in the situation.

Causal Attributions

involves the process by which individuals assign causes to behaviors and events, affecting how they perceive and react to situations.