If a Buyer Rejects a Shipment of Goods as Not

question 295

Multiple Choice

If a buyer rejects a shipment of goods as not conforming, the seller has the right to cure the defect, which includes which condition(s) :

• A) the seller repairs or replaces the defective goods within the time for performance
• B) the seller notifies the buyer in a timely manner of the intent to cure the defect
• C) the time for performance has not passed
• D) none of the other choices
• E) all of the other specific choices

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Definitions:

Expected to Pay

The anticipated amount of money that will be disbursed for liabilities, services, or goods acquired.

Require a Return

The expectation of financial gain on an investment, which can manifest as interest, dividend, or capital appreciation.

Current Value

The present worth of an asset or company based on market conditions, differing from historical costs or book value.

End of the First Year

The completion of the first 12-month period of an event or operation, typically used in financial contexts.