In a Noncarrier Contract for the Sale of Goods Where

question 16

Multiple Choice

In a noncarrier contract for the sale of goods where the goods are held by a bailee,tender of delivery can occur upon the happening of the following EXCEPT which of the following?

• A) The seller tenders to the buyer a negotiable document of title covering the goods.
• B) The seller tenders to the buyer acknowledgment from the seller's bank that the goods have been sold.
• C) The seller procures acknowledgment from the bailee of the buyer's right to possession of the goods.
• D) The seller tenders to the buyer a nonnegotiable document of title.
• E) The seller tenders to the buyer a written direction to the bailee to deliver the goods to the buyer.

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Definitions:

Economic Factors

Variables and conditions affecting an economy’s performance, such as inflation rates, interest rates, employment levels, and gross domestic product (GDP).

Demand Uncertainty

The unpredictability of customer demand, making it difficult for businesses to accurately forecast sales.

Price Uncertainty

Refers to the fluctuation in the prices of goods or services in a market, which can be due to various factors including demand, supply, and external economic conditions.

Warehousing Space

The area allocated for the storage of goods in a building or designated area until they are ready to be shipped or sold.