Sam Agrees to Make Partial Deliveries of Goods Over Three

question 18

Multiple Choice

Sam agrees to make partial deliveries of goods over three months to Winston.The first delivery was late by two weeks.Why should Winston object to this late delivery?

• A)Winston may be required to pay in advance for future deliveries.
• B)Winston may waive his rights to cancel the contract if other deliveries are late.
• C)Sam may cancel the contract.
• D)Sam may be excused from performing all his contractual obligations.

---

Definitions:

After-Tax Income

The net income an individual or corporation receives after all income taxes have been deducted from gross income.

Common Shareholders

Individuals or entities that own common shares in a corporation, granting them voting rights and a share in the company’s profits via dividends.

EPS

Earnings Per Share; a company's profit divided by the outstanding shares of its common stock.

Fiscal Year

A one-year period used by governments and businesses for accounting and financial reporting purposes, which may not coincide with the calendar year.