Assume a Buyer and Seller Execute a Contract in Which

question 86

Multiple Choice

Assume a buyer and seller execute a contract in which the seller is going to deliver a couch later in the day to the buyer.With a simple delivery contract in which the seller is a merchant,which party sustains a loss if,through no fault of either party,the couch is destroyed through fire prior to delivery?

• A)Loss is proportioned 25% to the buyer and 75% to the seller
• B)Loss is proportioned 75% to the buyer and 25% to the seller
• C)Loss is proportioned 50% to the buyer and 50% to the seller
• D)The seller
• E)The buyer

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Definitions:

Competition

The rivalry among businesses or individuals for resources, customers, or market dominance.

Vital to Organization's Welfare

Considered essential for the survival, success, and health of an organization, often relating to key resources or strategic capabilities.

Creative Problem Solving

A method involving imagination and innovation to find solutions to complex issues.

Conflict Resolution

Conflict resolution involves strategies and processes aimed at resolving disputes and disagreements between parties.