Which of the Following Is True Regarding the Claim of Good

question 32

Multiple Choice

Which of the following is true regarding the claim of Good Wood that Penny failed to properly reject the goods?

• A) Good Wood is incorrect because under the UCC Penny had 30 days in which to reject the goods.
• B) Good Wood is incorrect only if Penny can establish that Let Us Help You miscalculated the amount of interest she owed.
• C) Good Wood is incorrect only if Penny can show that the goods were overpriced.
• D) Good Wood is correct only if Good Wood can show that the goods were priced at reasonable market value.
• E) Good Wood is correct.

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Definitions:

Gross Margin

Gross Margin is the difference between revenue and the cost of goods sold, divided by revenue, expressed as a percentage. It indicates the percentage of revenue that exceeds the cost of goods sold.

Special Order

A special order refers to a one-time order that is not part of the regular, ongoing business operations and usually requires consideration of additional costs and pricing.

Capacity

The maximum level of output that a company can sustain to make a product or provide a service.

Sales Price

The amount of money charged for a product or service, which can vary based on demand, market conditions, and production costs.