Which of the Following Is True of a Buyer's Acceptance

question 95

Multiple Choice

Which of the following is true of a buyer's acceptance of a delivery?

• A) Buyers may only accept delivery of a commercial unit.
• B) Acceptance of a part of a commercial unit does not constitute acceptance of the entire unit.
• C) An effective rejection of goods within a reasonable time after their delivery leads to acceptance on the part of the buyer.
• D) Once a delivery is accepted, its revocation is forbidden by the law.

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Definitions:

Nominal Interest Rate

The interest rate actually paid for a loan, not adjusted for inflation.

Hyperinflation

A very high and typically accelerating rate of inflation, often exceeding 50% per month, leading to a rapid erosion of real value in the local currency.

Depression

A severe and prolonged downturn in economic activity, characterized by significant declines in GDP, high unemployment, and deflation.

Money Demand

The total amount of money that households and businesses want to hold at any given time, depending on interest rates, income levels, and economic activity.