Brenner Entered into a Written Contract with the Inkblot Corporation

question 32

Multiple Choice

Brenner entered into a written contract with the Inkblot Corporation for $1,000 worth of office supplies.Inkblot subsequently sent Brenner some supplies that were not requested in the contract.Brenner noticed that the order did not match the contract,but he accepted the nonconforming goods.Which of the following is true of this situation?

• A)The Inkblot Corporation must cure the improper tender.
• B)Inkblot is not required to cure the improper delivery since it has been accepted.
• C)Brenner can reject the goods without informing Inkblot of the defect in the supply.
• D)Brenner can accept the goods and through the court,obligate the Inkblot Corporation to cure the improper delivery.

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Definitions:

Operating Lease

is a rental agreement allowing a lessee to use an asset temporarily without ownership, typically with terms significantly shorter than the asset's life.

Operating Cash Flows

The cash generated from the normal operating activities of a business, reflecting its ability to generate positive cash flow to maintain and grow its operations.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting in the United States.

Operating Activities

Operating activities relate to the primary revenue-generating activities of a business, influencing its net income and cash flows from operations.