David Orders a Laptop Computer with a 17" Screen from City

question 53

Multiple Choice

David orders a laptop computer with a 17" screen from City Computers Pty Ltd.'s website.When he receives the laptop computer, he realizes that it only has a 13" screen.City Computers Pty Ltd:

• A)Has breached the statutory implied term requiring that goods be fit for their purpose.
• B)Has breached the statutory implied term requiring that goods correspond with their description.
• C)Has breached the statutory implied term requiring that the seller have good title to goods sold.
• D)Has not breached any statutory duty provided that the computer is in good working order and a fair price was paid for it.

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Definitions:

Research and Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Fixed Asset Turnover Ratio

A performance metric that evaluates how efficiently a company is using its fixed assets to generate sales.

Net Operating Income

The profit realized from a business's operations after subtracting operating expenses from revenue.

Denominator

The bottom number in a fraction which indicates how many equal parts the whole is divided into.