Price Reduction Is Not Available as a Buyer's Remedy for the Seller's

question 57

Multiple Choice

Price reduction is not available as a buyer's remedy for the seller's breach under the CISG if:

• A) the seller has already delivered conforming substitute goods.
• B) the buyer has refused to accept the seller's attempt to cure the breach.
• C) the buyer has avoided the contract and refused delivery.
• D) all of the above.

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Definitions:

Small Business Administration

A U.S. government agency that provides support, resources, and loans to small businesses.

Loan

Money borrowed that is expected to be paid back with interest, typically used for larger purchases or to bridge temporary financial gaps.

Cash-flow Method

A financial analysis approach that evaluates an investment's profit or loss by considering the timing and amount of cash inflows and outflows.

Business Valuation

A process and a set of procedures used to estimate the economic value of an owner’s interest in a business.