Under a Sale on Approval Which of the Following Is

question 113

Multiple Choice

Under a sale on approval which of the following is not considered acceptance,sufficient to create a sale?

• A) stating, "these look good to me, i'll keep them"
• B) taking delivery of the goods
• C) failure to notify the seller of rejection of the goods within the agreed upon time frame
• D) using the goods inconsistently with the purpose of the trial
• E) buyer paying for the goods to use them for a trial period.

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Definitions:

Internationalized

The process of designing products, services, or operations to facilitate operation or distribution in multiple countries.

Budget Deficit

The financial shortfall when a government's expenditures exceed its revenues over a specified period.

Trade Balance

The gap between a nation's foreign sales and purchases, encompassing both goods and services.

Net Capital Outflow

The difference between a country's total exports of capital and total imports of capital during a specific time period.