Which of the Following Is True of the Buyer's Remedies

question 26

Multiple Choice

Which of the following is true of the buyer's remedies under the CISG?

• A) The right to recover damages is not lost if a buyer exercises any other available remedy.
• B) The right to recover can only be availed after the seller is given a period of grace in which to comply.
• C) The right to recover does not include reduction in price of the goods.
• D) The type of remedy applicable in a case depends on whether the seller's breach affects the whole contract or only a part.

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Definitions:

Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its assets in generating sales revenue.

Return On

A financial ratio that measures the amount of return generated relative to the investment made.

Earnings Per Share

A measure of a company's profitability, calculated as the net income divided by the number of outstanding shares of its common stock.

Return On

A financial ratio indicating the profitability of an investment compared to its cost.