A Contract Calls for a Farmer to Send Apples Growing

question 22

Multiple Choice

A contract calls for a farmer to send apples growing at his farm to the fruit market every Monday, and he promptly sends fresh stock of apples every Monday as per the contract. If the fruit market does not pay cash but rather sends a check the following week, then _____.

• A) the farmer can object, but the contract can be cancelled only after six months of the contract period
• B) the farmer cannot object under any circumstances
• C) the farmer must object if he may want to rely on the late payment as grounds for later canceling the contract
• D) the farmer can object only if he has not been paid by any means for the apples he delivered

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Definitions:

Monetary Bonuses

Financial rewards granted to employees for achieving specific performance targets or as recognition for exceptional work.

Fiscal Year

A Fiscal Year is a 12-month period used for accounting purposes and preparing financial statements, which may not align with the calendar year and varies between organizations and governments.

Financial Success

The achievement of financial goals and objectives, often measured by profitability, revenue growth, or market share expansion.

HR Department

The division within an organization that is focused on recruitment, management, and direction for the people who work in the organization.