In Relation to the Consumer Guarantee of Correspondence with Sample,which

question 22

Multiple Choice

In relation to the consumer guarantee of correspondence with sample,which of the following statements is NOT true?

• A)The goods must be free from any defect which would not be apparent on reasonable examination.
• B)The seller must supply the buyer with a sample of the goods.
• C)The buyer must be given a reasonable opportunity to compare the bulk with the sample.
• D)The bulk of the goods must correspond with the sample in quality,state or condition.

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Definitions:

Sight Draft

A financial instrument that is payable on demand when presented to the drawee.

Net Present Value

is a method used in capital budgeting to evaluate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.

Credit Sale

A transaction where the buyer is allowed to pay for goods or services at a later date, as opposed to paying at the time of sale.

Monthly Interest Rate

The interest rate applied to a loan or investment, calculated to reflect the monthly compounding period.