Which of the Following Statements Is True Regarding Revocation of Accepted

question 55

Multiple Choice

Which of the following statements is true regarding revocation of accepted nonconforming goods?

• A) Once goods have been accepted, they may not be rejected.
• B) A buyer has an absolute right within 10 days after delivery in which to revoke acceptance of nonconforming goods.
• C) A buyer has an absolute right within 48 hours after delivery in which to revoke acceptance of nonconforming goods.
• D) A buyer has an absolute right within 30 days after delivery in which to revoke acceptance of nonconforming goods.
• E) While there is no set time limit, the UCC sometimes allows a buyer to revoke acceptance of nonconforming goods.

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Definitions:

General Partnership

A partnership that involves a complete sharing in both the management and the liability of the business.

Limited Liability

A legal structure that limits an owner's loss to the amount invested in a company, protecting personal assets from the company's debts and obligations.

Partnership Interest

The share or portion of ownership that a partner has in a partnership, often reflected in the percentage of the business's profits or losses they receive.