Uncle Isaac Has Had Some Difficulty in a Sale-Of-Goods Contract

question 113

Multiple Choice

Uncle Isaac has had some difficulty in a sale-of-goods contract and wants to know if there are any mistakes in the information he has received with regard to the remedies for breach of such a contract.Indicate the true statement.

• A) Once the seller of the goods has given up possession of them to the buyer, he has lost his right to sue.
• B) A court will award a remedy, only if there was a breach of warranty.
• C) An unpaid seller who has possession of the goods has a lien on those goods-i.e., he can hold the goods.
• D) The Sale of Goods Act excludes the possibility of the equitable remedy of specific performance.
• E) If there has been a breach of contract, the purchaser is only entitled to tort remedies.

Comprehend the relationship between earnings per share, market value, and dividend payments.

Recognize the components and importance of the statement of changes in equity.

Calculate book value per share and understand its significance.

Distinguish between dividend yield and dividend payout ratio.

---

Definitions:

Moral Decisions

Choices made by individuals that are evaluated based on principles of right and wrong or ethical considerations.

Moral Development

Moral Development is the process through which individuals evolve their understanding of right and wrong and apply these concepts in their behavior.

Gender Differences

The distinctions in characteristics and behaviors typically associated with being male or female in a given society.

Tacit Knowledge

Personal knowledge that is difficult to transfer to another person by writing it down or verbalizing it, often gained through personal experience.