Sheps & Shaps LLP Contracted to Receive a Weekly Delivery

question 58

Multiple Choice

Sheps & Shaps LLP contracted to receive a weekly delivery of 10 cartons of 8 x 11 bond paper and 5 cartons of 11 x 14 bond paper. This Tuesday, however, their supplier delivered 15 cartons of 8 x 11 bond and 10 cartons of 8 x 14. The office manager refused to accept the delivery. Which source of law allows contractual terms regarding quantity to be imposed?

• A) the Customs in Trade Act
• B) the Business Efficacy Act
• C) the Sale of Goods Act
• D) the Rules of Construction Act

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Definitions:

Equity Investments

Financial investments in shares of companies, giving the holder ownership interest in the company.

Required Rate

The minimum annual percentage return that an investor expects to earn when investing in a particular security or project, factoring in risk.

Risk-Free Rate

The theoretical rate of return of an investment with no risk of financial loss.

Risk Premium

The additional return above the risk-free rate demanded by investors for taking on a certain level of risk.