Wheelies Is an Auto Parts Retailer

question 13

Multiple Choice

Wheelies is an auto parts retailer.It operates a retail megastore in a city where the city ordinance prohibits retailers from being open on consecutive Sundays.The management of Wheelies realizes that their maximum sales happen on Sundays.They create a wholly-owned subsidiary,CarBasics,and start leasing the megastore building and its inventory to CarBasics every alternate Sunday.Who is liable for violating the city ordinance?

• A)Neither Wheelies nor CarBasics
• B)Wheelies only
• C)CarBasics only
• D)Both Wheelies and CarBasics

Recognize how the UCC addresses good faith purchases and sales involving minors or entities lacking authority.

Comprehend the specifics of contractual obligations, risk of loss, and the effects on third parties in goods transactions.

Understand the principles of liability and risk of loss in sales transactions.

Identify and explain the concept of title and good faith purchasing.

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Definitions:

Scientific Objectivity

The principle of conducting research and experimentation without letting personal biases or preferences influence the outcomes.

Misuse of Statistics

The manipulation or misinterpretation of statistical data to mislead or support a biased conclusion.

Counterintuitive Results

Outcomes that are opposite to what common sense or intuition would expect, often surprising or unexpected.

Real-Life Issues

Problems or challenges that individuals face in their daily lives, outside of controlled or experimental settings.