Pleasant Valley Dairy Agrees to Sell a Certain Quantity of Ice

question 6

Multiple Choice

Pleasant Valley Dairy agrees to sell a certain quantity of ice cream to Coffee & Dessert Caterers,but their contract does not specify the address at which the goods are to be delivered. If the parties fail to specify the address before the delivery date

• A)Pleasant Valley Dairy is excused for any resulting delay.
• B)Pleasant Valley Dairy is liable for any resulting delay.
• C)the time for delivery is extended with a price adjustment for the delay.
• D)the contract is canceled.

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Definitions:

Hybrid Wage System

A compensation strategy that combines elements of both hourly wages and salary, potentially including performance bonuses or commissions.

Administrative Employees

Employees who are responsible for office functions and tasks; they typically engage in non-manual work related to the general business operations of an organization.

Merit Increases

Salary raises awarded to employees based on their performance and contribution to the organization.

Lump-Sum Basis

A method of payment or compensation with a fixed total amount to be paid in one single sum, rather than through installments or percentages.