Which of the Following Is a Right to Remedy That

question 39

Multiple Choice

Which of the following is a right to remedy that a seller can claim while the goods are in possession of the buyer?

• A) right to dispose of goods
• B) right to withhold delivery of goods
• C) right to stop delivery of goods in transit
• D) right to reclaim goods

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Definitions:

Private Firms

Businesses that are privately owned, not traded publicly on stock exchanges, and typically managed by the owner or shareholders.

Public Good

Without profit motive, a product or service is made available to all societal members, courtesy of either governmental or private benefactors.

Nonrivalry

A characteristic of a good or service whereby its consumption by one individual does not reduce its availability for consumption by others.

Nonexcludability

The inability to keep nonpayers (free riders) from obtaining benefits from a certain good; a characteristic of a public good.