Marge Ordered for Her Soccer Team T-Shirts with the Name

question 40

Essay

Marge ordered for her soccer team t-shirts with the name of the school shown on the front.The seller requested that Marge come in to inspect the first t-shirt before the others were made.Marge refused because she was too busy,and told the seller to go ahead and print the shirts.On receipt of the shirts,Marge discovered that the school name was misspelled.Does Marge have any rights against the seller,and why or why not?

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Definitions:

Bonds Payable

Bonds payable refers to long-term debt instruments issued by a company to investors, promising to pay back with interest at specified maturity dates.

Operating Activities

Cash flow activities that include the cash effects of transactions that create revenues and expenses and thus enter into the determination of net income.

Issuance of Debt

The process by which a company borrows money through the sale of bonds or taking out loans, creating a liability that must be repaid in the future.

Retirement of Debt

The process of paying off debt obligations or securities over time through systematic repayments or a lump-sum payment.