Which of the Following Is True of Identified Goods

question 20

Multiple Choice

Which of the following is true of identified goods?

• A) They are a type of existing goods.
• B) They are goods in the designing stage.
• C) Any contract purporting to sell identified goods is a contract to sell and not a sale.
• D) Identified goods refer to goods that are yet to be manufactured by their seller.

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Definitions:

Free-Rider Problem

A situation in which individuals benefit from resources, goods, or services without paying for the cost of the benefit, leading to underprovision of those goods or services.

Local Government

A form of public administration which, in a majority of contexts, exists as the lowest tier of administration within a given state.

Funds

Resources in the form of money available for transactions or investments.

Free Bus Rides

A policy or situation where public transportation buses are provided to passengers without any charge.