Which of the Following Statements About Sale on Approval Is

question 25

Multiple Choice

Which of the following statements about sale on approval is false?

• A)The buyer's creditors cannot reach goods held on approval.
• B)The return of the goods is at the seller's risk and expense.
• C)Title to the goods does not pass to the buyer until the buyer accepts.
• D)Any use of the goods constitutes acceptance.

Understand the concepts of a protean career and its implications for personal growth.

Identify the components of a career management system.

Understand the various approaches to employee development within organizations.

Comprehend the concept and application of formal education in employee development.

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Definitions:

Economic Activity

Activities related to the creation, distribution, and use of goods and services in an economic system.

Market Economy

An economic system in which economic decisions and the pricing of goods and services are guided solely by the interactions of citizens and businesses.

Equilibrium Quantity

At the market equilibrium price, the amount of goods or services that are supplied matches the amount that is demanded.

Equilibrium Price

A pricing point in the market where the supply of goods meets the demand for those goods.