If the Buyer Has Paid for the Goods in Advance

question 41

Multiple Choice

If the buyer has paid for the goods in advance but revokes his acceptance when the goods arrive, he:

• A) can resell the goods.
• B) must prove the nonconforming defect was known at the time of the original acceptance.
• C) return them within ten (10) days and wait for the refund.
• D) may retain possession of the goods as security until the refund has been paid.

---

Definitions:

Money Supply

The total amount of money available in an economy at a specific time, including currency and various types of bank deposits.

Price Level

An index that measures the average price of goods and services across the economy at a given time, indicating the cost of living or inflation rate.

Money Supply

The full scope of monetary resources present in an economy at a certain period.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, indicating the cost of living or inflation rate.