A Computer Dealer Whose Place of Business Is in Chicago

question 29

Multiple Choice

A computer dealer whose place of business is in Chicago contracts on March 15 to sell 100 personal computers to a CPA firm whose place of business is in Milwaukee.The contract does not mention anything about the time or place of delivery.What are the delivery requirements for this contract?

• A) at a reasonable place within a reasonable time from March 15
• B) at a reasonable place on March 15
• C) at the computer dealer within a reasonable time from March 15
• D) at the CPA firm within a reasonable time from March 15
• E) The parties are obligated to reach an agreement for delivery,and its terms will be controlling.

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Definitions:

Value Of A Right

In the context of finance, it refers to the value of a right to purchase additional securities at a predetermined price before the public.

New Share

A unit of stock that has been recently issued to the public by a company, increasing the total number of shares outstanding.

Rights Offering

A form of raising capital where a company offers existing shareholders the right to purchase additional shares at a discounted price before offering them to the public.

Price-earnings Ratio

The price-earnings ratio (P/E ratio) is a valuation metric comparing a company's current share price to its per-share earnings, helping investors assess the value of a stock.