The Manager of Paul's Fruit and Vegetable Store Is Considering

question 73

Multiple Choice

The manager of Paul's fruit and vegetable store is considering the purchase of a new seedless watermelon from a wholesale distributor. Since this seedless watermelon costs $4, will sell for $7, and is highly perishable, he only expects to sell between six and nine of them. If the merchant purchases eight watermelons, the minimum opportunity loss occurs when the demand is how many units?

• A) 6
• B) 7
• C) 8
• D) 9

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Definitions:

Breach of Contract

A violation of any of the agreed-upon terms and conditions of a binding contract.

Antiassignment Clause

A contractual provision that prohibits the transfer of rights or delegation of duties under the contract to another party without prior consent.

Breach of Contract

The failure to perform any term of a contract, written or oral, without a legitimate legal excuse, leading to legal actions for remedies.

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed by the party to be charged, to prevent fraud and perjuries.