ABC Hardware Store Orders One Hundred Power Hand-Drills from Best

question 18

Multiple Choice

ABC Hardware Store orders one hundred power hand-drills from Best Tools Inc. When the hand-drills are delivered, they are all missing pieces. ABC rejects the shipment. To exercise a right to cure, Best Tools must

• A) promptly notify ABC of the intent to cure.
• B) pay a cure fee.
• C) pick up the nonconforming tools before the end of the business day.
• D) enter into a new contract with ABC.

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Definitions:

Poverty Line

A specified threshold of income deemed necessary to meet basic living costs, below which individuals or families are considered to be living in poverty.

Income Inequality

The unequal distribution of annual or lifetime income among individuals or households within a society.

Pre-Tax-And Transfer Income

The total income of individuals or households before taxes are deducted and before any government transfers, such as subsidies or welfare, are added.

Trend

A general direction in which something is developing or changing over time.