A Buyer May Reject a Seller's Goods Only If They

question 38

True/False

A buyer may reject a seller's goods only if they fail to conform to a mate?rial term of the contract.

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Definitions:

Lost Profits

The potential income that a business could have earned but did not due to a wrongful act such as breach of contract or tort.

Resale Price

The price at which an item or good is sold after it has been previously purchased and owned by a consumer.

Finished Manufacturing

The complete process of producing goods, resulting in finished products ready for sale or distribution.

Good Faith

Acting with honest intent without taking unfair advantage over another party, often used in contract law.