Which of These Is the Most Likely Result If Troy

question 33

Multiple Choice

Which of these is the most likely result if Troy claims he had reasonable grounds to believe the trophies were acceptable?

• A)He would be correct because of the special UCC exception for sports-related items.
• B)He would be incorrect because Eduardo did not confirm orally or in writing that the trophies were acceptable.
• C)He would be incorrect because Eduardo did not confirm in writing that the trophies were acceptable.
• D)He would be correct because Eduardo's payment by check for the goods upon their delivery provided Troy with a measure of reliance that they would be acceptable.
• E)He would be correct because of the special UCC exception for school-related items.

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Definitions:

Premise Control

The process of managing and regulating the physical environment of a business location to ensure safety, compliance, and comfort.

Liquidity Ratio

A financial measure used to determine a company's ability to cover its short-term obligations with its most liquid assets.

Financial Obligations

Commitments to pay money to another party, including debts, salaries, taxes, and other liabilities.

Acid-Test Ratios

A financial metric that evaluates a company's ability to pay off its short-term liabilities with its quick assets, providing insight into its short-term financial health.