A and B Have Been Dealing Together for 10 Years,during

question 37

Multiple Choice

A and B have been dealing together for 10 years,during which time A buys steel ingots from B.Throughout the 10-year period,A has always ordered the highest quality steel from B and B has delivered it.Last week,A ordered 1000 ingots of steel from B,but when he filled out the purchase order,A forgot to specify the highest quality of steel,and when the purchase order was received,B's employee delivered steel ingots of a lesser quality to A.A refuses the shipment,and B,whose business is suffering in a bad economy,finds himself forced to sue A.In this situation

• A)the court will be unable to import any kind of term into the contract because it is in writing.
• B)the court will consider that it was a condition precedent to the purchase by A that the steel ingots be of the highest quality.
• C)the court will look at the previous dealings of A and B and imply a term that B was to supply steel ingots of the highest quality.
• D)the court will set aside the contract by reason that it is silent as to the quality of steel that B is to supply to A.
• E)none of the above

Describe the structure and application of time lines in financial problem solving.

Comprehend the difference between nominal and effective interest rates, and how they are calculated.

Grasp the concept of loan amortization and how payments are structured over time.

Identify how fixed-rate mortgages operate and calculate the changes in principal and interest portions over time.

---

Definitions:

Competition Analysis

The practice of identifying, assessing, and analyzing competitors to understand their strengths, weaknesses, strategies, and potential impact on your business.

Florist Shop

A retail outlet specializing in selling flowers and related products, often including the arrangement and delivery of floral bouquets.

Competition

Competition in business refers to the rivalry among companies operating in the same industry for market share, customers, and profits by offering better products, prices, or services.

Supply Chain

The linked set of companies that perform or support the delivery of a company’s goods or services to customers.