Debt Collection Service Enters into a Contract to Employ Emma

question 52

Multiple Choice

Debt Collection Service enters into a contract to employ Emma as a billing manager for two years. During the first year, Emma is often absent without explanation and when present fails to adequately do her job. This

• A)discharges the employer from the contract.
• B)has no effect on the employer's performance.
• C)changes the employer's duties under the contract.
• D)suspends the employer's duty to perform.

Evaluate the impact of federal statutes such as the Magnuson-Moss Warranty Act on sales contracts.

Explore the options and remedies available to parties when goods are destroyed before risk passes to the buyer.

Appraise the specific rules regarding acceptance, rejection, and revocation of acceptance of goods.

Interpret the requirements for a valid tender of delivery and the opportunities for cure by the seller of nonconforming goods.

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Definitions:

Percent

A unit of measure used to express a ratio as a fraction of 100.

Real Estate Salesperson

A licensed individual who is authorized to conduct real estate transactions on behalf of sellers or buyers.

Dollar Volume

The total value of a particular financial transaction or set of transactions measured in dollars.

Piece Rate

A payment method based on the amount of work completed or units produced, rather than on the amount of time spent on the work.