Which of the Following Statements Is TRUE as a General

question 37

Multiple Choice

Which of the following statements is TRUE as a general rule?

• A) Property passes under an unconditional contract for the sale of specific goods in a deliverable state only once the buyer pays the price.
• B) Property passes under a contract that requires the seller to do something to ascertain the price of the goods as soon as the price is determined.
• C) Property passes under a contract that requires the seller to modify the goods in order to put them into a deliverable state only when the goods are delivered to the buyer.
• D) Property passes under a contract that requires the seller to test the goods as soon as the seller does so and notifies the buyer.
• E) Property passes under a contract "on sale or return" only if the buyer pays the price.

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Definitions:

Underserved Populations

Groups of individuals who do not receive adequate services, resources, or attention to meet their basic needs or rights.

Enterprises

Organizations or businesses engaged in commercial, industrial, or professional activities.

Business Model

A conceptual framework that describes how a company creates, delivers, and captures value, outlining its products, customer base, and financial strategies.

Generating Revenues

The process of producing income for a business through its various operations.