Which of the Following Is an Example of a Consequential

question 74

Multiple Choice

Which of the following is an example of a consequential damage?

• A)An expense that a buyer incurs in receiving and inspecting goods shipped by the seller that do not conform to those called for in the contract
• B)  A charge that the buyer has to pay in obtaining substitute goods
• C)An injury to a person caused by a breach of warranty
• D)An expense that a buyer incurs in storing nonconforming goods shipped by the seller

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Definitions:

Foreign Company

A foreign company is a business entity that is incorporated in a country other than where it conducts its majority operations or where its principal investors reside.

LLC

stands for Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Joint Venture

A business arrangement in which two or more parties agree to pool resources for the purpose of accomplishing a specific task.

Partnership

A legal arrangement where two or more persons agree to share the profits of a business which they run together.