Which of the Following Statements Is True Regarding Installment Contracts

question 47

Multiple Choice

Which of the following statements is true regarding installment contracts?

• A) To be an installment contract,the contract must state that each delivery is a separate contract or words to that effect.
• B) The buyer may reject the entire contract for any nonconformity.
• C) The buyer may reject the entire contract only if the nonconformity of one shipment affects the value of the entire contract.
• D) A,B,and C are true.
• E) A and C only are true.

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Definitions:

Reference Point

A baseline or standard used for comparison in financial and economic analysis, often to gauge changes or differences.

Economic Decisions

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Strong Influence

The significant impact or control one party may have over the actions, decisions, or opinions of another.

Consumer Behavior

The study of how individuals or groups select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires.