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.

---

Definitions:

International Financial Structure

The global framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing.

Trade Deficit

A situation in which a country's imports exceed its exports during a given time period.

Economic Performance

An assessment of an economy's health and efficiency, measured by indicators such as GDP, unemployment rates, and inflation.

Recessions

Phases of brief economic downturns marked by diminished trade and industrial operations, typically characterized by a decrease in Gross Domestic Product (GDP) for two consecutive quarters.