Mara and Nim Enter into a Contract for a Sale

question 71

Multiple Choice

Mara and Nim enter into a contract for a sale of orchids that requires payment within thirty days of delivery. Under the UCC, the payment term in the contract

• A)removes the entire transaction from the UCC.
• B)is superseded by the UCC rule that payment is due on delivery.
• C)is fully enforceable.
• D)is not enforceable because it does not specify a definite date.

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Definitions:

Competitive Advantage

An advantage a company has over its competitors, enabling it to generate greater sales, margins, and retain more customers.

Inventory Surpluses

Excess stock that exceeds the demand, often resulting in storage challenges and potential financial losses.

Operating Efficiencies

The effectiveness and productivity with which an organization utilizes its resources in the process of producing goods or services.

Supply Chain Management

The coordination and management of activities involved in making and delivering products from raw materials to final customers.