An Injured Buyer Can Recover Consequential Damages If

question 37

Multiple Choice

An injured buyer can recover consequential damages if:

• A)expenses incurred during storage of goods do not conform to those called for in the contract.
• B)he covers.
• C)the goods are not consumer products.
• D)he can show that he could not have prevented the damage by obtaining substitute goods.

---

Definitions:

Labor-Hour

A measure of the amount of work or labor time required or used to produce a good or service.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the standard cost of variable overhead that should have been incurred based on the efficiency of operations.

Favorable

An accounting term referring to actual results being better than projected or budgeted figures, often used in the context of variances.

Unfavorable

A term often used in finance and accounting to describe a variance or outcome that leads to a worse financial position than expected.