If the Goods or the Tender of Delivery Fail in Any

question 30

Multiple Choice

If the goods or the tender of delivery fail in any respect to conform to the contract,the buyer may:

• A)reject the whole.
• B)accept the whole.
• C)accept any unit(s) and reject the rest.
• D)Any of the above.

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Definitions:

Negative Expected Value

A statistical condition where the anticipated result of an investment is less than the initial cost.

Moral Hazard

The risk that one party to a transaction has not entered into the contract in good faith or has an incentive to take unusual risks because the costs are not borne by that party.

Flat Salary

A flat salary is a fixed amount of pay received by an employee, regardless of the number of hours worked or the quantity of output.

Car Dealership

A business that sells new or used cars at the retail level, typically based on a dealership contract with an automaker or its sales subsidiary.