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:

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.

Demand

The desire to purchase goods and services backed by the ability and willingness to pay a price.

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as the price.

Excise Tax

Excise tax is a type of tax imposed on specific goods, services, or activities, typically to discourage consumption or generate revenue, often included in the purchase price.