Which of the Following Is Not a Remedy of the Buyer

question 20

Multiple Choice

Which of the following is not a remedy of the buyer?

• A) The buyer has the right of cover and to receive damages.
• B) The buyer has the right to stop delivery of the goods.
• C) The buyer may have the right to obtain specific performance.
• D) The buyer may have the right to recover incidental and consequential damages.

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Definitions:

Indirect Costs

Costs that are not directly traceable to a product, process, or activity but are necessary for the business’s overall operations, such as utilities or administrative salaries.

Stock Issue Costs

Expenses associated with issuing new shares of stock, including underwriting, legal, and registration fees.

Contingent Consideration

An obligation of a buyer to transfer additional assets or equity interests to the seller if future events occur or conditions are met after a business combination.

Bargain Purchase

A transaction where an asset is purchased or acquired for significantly less than its estimated fair market value.