Which of the Following Does Not Constitute an Acceptance

question 2

Multiple Choice

Which of the following does not constitute an acceptance?

• A) an express statement of approval by the buyer
• B) the buyer's examination of the goods
• C) the buyer's retention of goods for an unreasonable period of time
• D) the buyer's modification of the goods

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Definitions:

Annual Data

Information or statistics recorded over a one-year period.

Positive Economics

An aspect of economics that focuses on objective analysis and descriptions of how the economy functions, without prescribing policies.

Income Inequality

The unequal distribution of income and wealth across different groups within a society, often leading to social and economic disparities.

Perverse Incentives

Incentives that have unintended and undesirable effects that are contrary to the intentions behind their creation.