Todd Visited the Showroom of the Bloom Company and Orally

question 15

Multiple Choice

Todd visited the showroom of the Bloom Company and orally ordered a $300 microwave. The Bloom Company verbally accepted the order, and later (the next day) sent Todd a duplicate purchase order for the appliance along with a request that he sign and return one copy. Todd did not sign the order, and when the appliance was delivered, refused to take delivery. Bloom sued Todd for breach of contract.

• A) Todd could raise the Sale of Goods Act as a defence.
• B) The purchase order sent by Bloom to Todd would defeat Todd's defence based upon the Sale of Goods Act.
• C) If Todd accepted delivery of the microwave and a week later refused to pay, Bloom Company would not require a signed purchase order to enforce the contract.
• D) In its suit against Todd the only remedy available to the Bloom Company would be specific performance of the contract.
• E) Todd could raise the Sale of Goods Act as a defence and if Todd accepted delivery of the microwave and a week later refused to pay, Bloom Company would not require a signed purchase order to enforce the contract.

Identify and analyze the effects of inventory management practices on a company's turnover ratios and overall financial position.

Compare and contrast the financial performance of companies across different sectors using ratio analysis.

Understand the role of operating cash flows in assessing a company’s long-term financial health and risk of default.

Recognize the potential for financial ratios to be distorted by accounting choices and practices, and identify methods for adjusting analysis accordingly.

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Definitions:

Coalition Partners

Members of a temporary alliance formed between parties or organizations for achieving shared goals.

Criteria

Standards or principles used to evaluate, judge, or make decisions regarding various options or actions.

Unequal Share

A division of resources, responsibilities, or benefits where the portions are not evenly distributed among parties.

Early Prospects

Initial opportunities or possibilities that arise at the beginning of a process.