When Is a Buyer Deemed to Have Accepted Goods That

question 60

Multiple Choice

When is a buyer deemed to have accepted goods that are delivered pursuant to a contract?

• A) Only after an express acceptance.
• B) Immediately upon delivery.
• C) If he fails to reject the goods after he has had a reasonable opportunity to inspect them.
• D) Only when he pays for them.

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Definitions:

Industrial Production

The total output of the industrial sector, including manufacturing, mining, and utilities, within an economy.

Economic Indicators

Statistics and data points used to gauge the overall health of the economy.

Increases

Refers to a rise or growth in a particular metric or quantity, such as price, value, or quantity.

Coupon Rate

The annual interest rate paid by a bond relative to its face value, representing the yield an investor expects to earn if the bond is held to maturity.