All Units in a Multiple-Deliverable Arrangement Are Considered Separate Units

question 40

Multiple Choice

All units in a multiple-deliverable arrangement are considered separate units of accounting, provided that:

• A) the customer can avail the unit from a third party.
• B) the arrangement includes a general right of repurchase relative to the delivered item.
• C) the seller is the sole manufacturer of the separate unit.
• D) performance of the undelivered item is in the control of the buyer.

---

Definitions:

Testamentary Capacity

The legal competence of an individual to make a will, including the understanding of the nature of the document, the assets to be disposed of, and the identity of the beneficiaries.

Sound Mind

A state of mental capacity in which an individual can effectively understand and manage their affairs.

Lucid Period

A temporary phase of clear-mindedness or rationality that interrupts a longer period of impaired mental state.

Will Substitutes

Non-probate methods for transferring assets upon death, such as trusts, joint tenancies, and payable-on-death accounts, designed to avoid the probate process.