A Supplier and a Retailer Have a Long,established Relationship

question 54

Multiple Choice

A supplier and a retailer have a long,established relationship.Earlier contracts between them have always provided the standard "within 30 days of delivery" payment provision.A new contract makes no reference to payment terms.Which of the following would a court most likely rely on to arrive at a decision that payment is due within 30 days of delivery?

• A) customs in the trade
• B) past dealings
• C) business efficacy
• D) statutory requirements

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Definitions:

Prescient And Creativity

The combination of having foresight or anticipation of future events and the ability to produce novel and valuable ideas.

Intrinsic Motivation

The drive to engage in an activity for its own sake, due to the personal satisfaction or pleasure derived from the activity, rather than external rewards.

Extrinsic Motivation

Motivation driven by external rewards, such as money or praise, rather than intrinsic satisfaction from the activity itself.

Growth Motivation

An internal drive to achieve personal improvement, learn new skills, and seek out new challenges.