Ariafyn Equestrian Farm Ordered a Maximum of $1200 Worth of Oats

question 18

Multiple Choice

Ariafyn Equestrian Farm ordered a maximum of $1200 worth of oats for delivery by October 30 from Mike,a local farmer.On October 12,Mike stopped at the grain elevator scales to weigh the truckload of oats,which indicated Ariafyn would owe $1293 for the load.Mike was inside the office obtaining the certificate of weight when a passing train derailed,sending a rail car colliding into Mike's truck.Which party will have the right to sue the railway company for the loss of the oats?

• A) Ariafyn; risk transfers with the appropriation of unascertained goods
• B) Mike; the buyer must be notified once the price is ascertained
• C) Ariafyn; the goods are weighed and the price has been ascertained
• D) Mike; Ariafyn must signal its adoption of the transaction

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Definitions:

Financial Leverage

The use of borrowed funds to increase the potential return on investment, while also increasing the potential risk.

Leasing

A financial agreement in which one party (the lessor) grants another party (the lessee) the right to use an asset for a specified period in exchange for periodic payments.

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization.

Net Advantage

This term could be referring to various contexts and does not have a widely recognized specific financial definition without more context. NO.