If the Contract Does Not State Otherwise, Standard Goods Under

question 4

Multiple Choice

If the contract does not state otherwise, standard goods under a contract for sale to meet the satisfaction of the buyer must:

• A) meet the buyer's actual satisfaction, if honest and in good faith, even if unreasonable.
• B) meet the buyer's actual satisfaction, only if reasonable.
• C) meet a subjective standard.
• D) satisfy a reasonable person.

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Definitions:

Individual Investor

An individual investor is a non-professional private investor who buys and sells securities for their personal account.

Systematic Risk

The risk inherent to the entire market or market segment that cannot be mitigated through diversification.

Quarterly Sales

The total value of all sales achieved by a company during a specific three-month period.

Chapters

Sections or divisions in documents or publications, such as books, typically indicating a change in subject, theme, or story progression.