Which of the Following Is True of a Seller's Right

question 68

Multiple Choice

Which of the following is true of a seller's right to dispose of goods from a breach of contract?

• A) Any profit made on the resale or release of the goods has to be shared with the original buyer.
• B) Incidental charges can be recovered from the original buyer.
• C) The seller cannot resell the goods unless the original buyer agrees to it.
• D) The buyer can only dispose of goods that have already been delivered.

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Definitions:

Median Voter

The voter positioned at the median of the preference spectrum, whose choices can represent the most typical or moderate viewpoint in the voting population.

Economically Inefficient

A situation where resources are not allocated in a way that maximizes the total benefit to society, often resulting in wasted or misallocated resources.

Voter Failure

A situation where voters are uninformed or make irrational decisions, leading to outcomes not reflecting the true preferences of the majority.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a utility level equal to the cost of producing it.