Which of the Following Is True Regarding Robin's Options in Regard

question 34

Multiple Choice

Which of the following is true regarding Robin's options in regard to the pontoon boat?

• A) She has no options in regard to recovery from the seller because she retained the pontoon boat knowing that the seller refused to grant relief.
• B) She has only 90 days in which to return the pontoon boat and seek either specific performance or monetary damages to give her the benefit of the bargain.
• C) She has only one year in which to return the pontoon boat and seek specific performance, but she cannot sue for damages.
• D) She has only one year in which to return the pontoon boat and seek monetary damages to give her the benefit of the bargain, but she may not seek specific performance.
• E) She may keep the pontoon boat and seek monetary damages to give her the benefit of the bargain.

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Definitions:

Petty Cash Fund

A small amount of cash on hand that is used for covering minor expenses in a business.

Office Supplies

Items such as pens, paper, and other materials used in an office setting for daily operations.

Merchandise Inventory

Goods that a business intends to sell to customers for a profit.

Days' Sales

An analysis technique used to estimate the average time it takes for a company to collect cash from sales.