A Buyer Who Properly Rejects Goods

question 38

Multiple Choice

A buyer who properly rejects goods:

• A) can do so by sending the goods back in any manner.
• B) must notify the seller of the rejection within a reasonable time.
• C) must pay the costs of returning the rejected goods.
• D) None of the above.

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Definitions:

Due Diligence

A comprehensive appraisal of a business or individual’s financial performance, legal obligations, and other details conducted before entering into an agreement or transaction.

Short-termism

The focus on immediate results or benefits at the expense of long-term interests or sustainability.

Quarterly Earnings

The financial performance reports of a company issued every three months, often including net income, earnings per share, and net sales.

Due Diligence

A comprehensive appraisal of a business or individual’s performance, financial records, or legal obligations, conducted typically before entering into an agreement.