Which of the Following Provides the Best Example of Discharge

question 23

Multiple Choice

Which of the following provides the best example of discharge by accord and satisfaction?

• A) A butcher runs out of Grade AAA beef and offers Grade A as a substitute (with a good discount) to all customer with existing orders.
• B) A customer prepays for 10 lbs. of prime rib, but cancels the order because he instead wants to buy 50 lb. of filet mignon for a business party.
• C) A butcher shop changes ownership and the new owner fills the outstanding orders.
• D) A butcher's shop burns down and the owner is not able to fill his orders.
• E) A butcher fills his order two days late because he was seriously ill.

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Definitions:

General Price

The standard or average cost of goods or services available in the market to all consumers.

Electronic Goods

Products that use electric power for their operation, including consumer electronics like phones, TVs, and computers.

Law Of One Price

The economic theory stating that in an efficient market, identical goods must have only one price.

Trade Barriers

Restrictions set by a government to control international trade, often to protect domestic industries.