If the Buyer Received Goods on Credit While He Was

question 32

True/False

If the buyer received goods on credit while he was insolvent by misrepresenting his solvency in writing within three months prior to deliver of the goods, the seller is able to reclaim the goods only if the seller makes a demand on the buyer within ten days after the buyer has received the goods.

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Definitions:

Exchange Theorists

Social scientists who study the social behavior in terms of the perceived balance of costs and benefits involved in human interactions.

Valued Resources

Assets or materials that are considered important or valuable within a society or community, often contributing to its well-being and development.

Approval

Formal consent or agreement given towards an action, policy, or decision.

Social Interaction

The process by which individuals act and react in relation to others, thereby creating socially reciprocal relationships and structures.