Revocation of Acceptance Is Not Effective Until

question 128

Multiple Choice

Revocation of acceptance is not effective until:

• A) one (1) business day after delivery.
• B) three (3) business days after delivery.
• C) one (1) calendar day after delivery.
• D) three (3) calendar days after delivery.
• E) the seller or lessor is so notified.

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Definitions:

Financial Account Deficit

A situation where the value of a country's imports of financial assets exceeds its exports over a given period.

Current Account Surplus

Occurs when a country's total exports of goods, services, and transfers exceed its total imports.

Financial Account Deficit

A situation where a country's financial outflows to other countries exceed the inflows from them.

Current Account Surplus

A situation where a country's earnings from exports exceeds its spending on imports, leading to net positive income from foreign transactions.