Which of the Following Statements Applies to a Sale on Approval

question 12

Multiple Choice

Which of the following statements applies to a sale on approval under Article 2 of the UCC?

• A) both buyer and seller must be merchants.
• B) the buyer must be purchasing the goods for resale.
• C) risk of loss for the goods passes after the trial period is up.
• D) title to goods passes to the buyer on the delivery of the goods to the buyer for trial purposes.

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Definitions:

Physical Risk

The possibility of sustaining bodily injury or harm during the performance of an activity or due to exposure to physical hazards.

Monetary Cost

The amount of money that must be paid to buy, maintain, or use something.

Informed Consent

Informed consent is a process in which researchers provide potential participants with all relevant information about a study, ensuring they understand the risks and benefits before agreeing to participate.

Hypothesis

An assertion about what is true in a particular situation; often, a statement asserting that two or more variables are related to one another.