Which of the Following Holds True of Revocation of Acceptance

question 44

Multiple Choice

Which of the following holds true of revocation of acceptance by the buyer?

• A) A buyer can revoke acceptance of nonconforming goods when the nonconformity substantially impairs the value of the goods.
• B) A buyer cannot revoke acceptance of nonconforming goods if the buyer accepted the goods because of assurances by the seller.
• C) A buyer can revoke acceptance of nonconforming goods even after accepting goods with the knowledge of the nonconformity.
• D) The right to revoke acceptance can be exercised any time after the buyer discovers the nonconformity.

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Definitions:

External Supplies

Goods or services obtained from sources outside the organization to support its operations.

Labour Market Trends

Patterns or movements in employment sectors, such as changes in job availability, demand for specific skills, or wage levels.

Sales Projections

Forecasts about future sales volumes based on current data, trends, and market analysis.

Flexible Retirement

Programs that provide retirees with the opportunity to work after they have retired and provide them with significant flexibility in terms of how they work, what they work on, when they work, and where.