Which Statement Is Correct Regarding Whether a Buyer and Lessee

question 73

Multiple Choice

Which statement is correct regarding whether a buyer and lessee may make a partial acceptance?

• A)The lessee may make a partial acceptance when goods are nonconforming and the lessor has failed to cure the defects,but a buyer may not make a partial acceptance.
• B)The buyer or lessee may make a partial acceptance when goods are nonconforming and the seller or lessor has failed to cure the defects.
• C)The buyer may make a partial acceptance when goods are nonconforming and the seller has failed to cure the defects,but a lessee may not make a partial acceptance.
• D)Buyers and lessees may make partial acceptances at any time.
• E)Neither buyers nor lessees may make partial acceptances because either the whole must be accepted or rejected.

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Definitions:

Labor

The human effort, including both physical and mental work, used in the production of goods and services.

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of production or business activity.

Output

The total amount of goods and services produced by a company, sector, or economy.

Total Output

The total quantity of goods and services produced by an economy or firm during a specific period.