Which of the Following Is True Regarding Payment and the Place

question 48

Multiple Choice

Which of the following is true regarding payment and the place for delivery if those terms are left open under the UCC?

• A) There is no contract if these terms are omitted.
• B) If payment terms are omitted, payment is due at the time and place at which the buyer is to receive the goods, and the place for delivery is the seller's place of business.
• C) If payment terms are omitted, payment is due at the time and place at which the buyer is to receive the goods, and the place for delivery is the buyer's place of business.
• D) If payment terms are omitted, payment is due at least 10 days prior to the date set for delivery, and the place for delivery is the seller's place of business.
• E) If payment terms are omitted, payment is due at least 10 days prior to the date set for delivery, and the place for delivery is the buyer's place of business.

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Definitions:

Helium

Helium is a colorless, odorless, tasteless, non-toxic, inert, monatomic gas that heads the noble gas series in the periodic table, with the symbol He and atomic number 2.

Oxygen

A chemical element with symbol O and atomic number 8, essential for respiration in living organisms and a component of air.

Neon

A colorless, inert noble gas used in lighting and signs, symbolized as Ne and atomic number 10.

Enriched Uranium

Uranium in which the percentage of the isotope uranium-235 has been increased, typically used as fuel in nuclear reactors and in the manufacture of nuclear weapons.