In Which of the Following Situations Would the Car Be

question 65

Multiple Choice

In which of the following situations would the car be classified as inventory?

• A)A car in a showroom of a car dealership.
• B)A car used to deliver pizza at a pizza restaurant.
• C)A vintage 1957 Chevy bought by the president of a manufacturing company.
• D)The car driven by the sales manager and paid for by the company.

Analyzing the role of education in socialization, including the influence of the hidden curriculum and personal educational experiences.

Understand the compensation principle and the limited availability of punitive damages under the Code.

Identify what constitutes incidental damages for a buyer.

Know the protocols for contract cancellation by the buyer due to seller's failure to deliver.