Which of the Following Is Not a Requirement That Must

question 47

Multiple Choice

Which of the following is not a requirement that must be satisfied for a court to find breach on the part of a seller of the statutory implied term regarding fitness for purpose?

• A)The seller normally sells goods of that description.
• B)The buyer relied on the seller's skill and judgement.
• C)The goods are not fit for the stated purpose.
• D)The buyer requested the particular goods by their patent or trade name.

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Definitions:

Cash Inflow

The total amount of money being transferred into a business, from operations, investments, or financing activities.

Incremental Analysis

A financial decision-making approach focusing on the costs and revenues that change due to a specific decision.

Costs

Costs represent the monetary value spent on resources, labor, and other expenses necessary for the production of goods or services.

Sunk Cost

An expense that is irreversible and non-recoverable, hence it should not affect upcoming corporate choices.