If a Buyer Does Not Receive Goods by the Contract

question 33

Multiple Choice

If a buyer does not receive goods by the contract deadline,remedies available include all of the following EXCEPT

• A)incidental and consequential damages.
• B)cover.
• C)damages for non-delivery.
• D)cure.

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Definitions:

Fully Funded Pension Rights

A pension plan that has enough assets to meet all its obligations to retirees and current employees.

Pension Expense

The cost recognized by an employer for contributions to pension plans on behalf of its employees for the current period.

Salaries Expense

An account that represents the total amount paid to employees for services rendered during a specific period, usually before any deductions.

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets, excluding inventories.