Tender Requires That the Seller, at a Reasonable Time

question 38

Multiple Choice

Tender requires that the seller, at a reasonable time:

• A) give notice to the buyer that the goods are available.
• B) keep the goods available for a reasonable period of time.
• C) put and hold conforming goods at the buyer's disposition.
• D) all of these.

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Definitions:

Product Price

The total money demanded to buy a given product or service.

Marginal Product

The extra production achieved through the use of an additional unit of a specific input, while keeping all other inputs unchanged.

Wage Rate

The amount of money that an employee is paid per hour, week, or another unit of time for their labor.

Derived Demand

The demand for a good or service that arises from the demand for another good or service.