A Buyer Who Is Not a Merchant Rejects Nonconforming Goods

question 37

Multiple Choice

A buyer who is not a merchant rejects nonconforming goods.He:

• A) must return the goods to the seller.
• B) must sell the goods for the seller.
• C) must hold the goods for the seller for a reasonable time.
• D) may destroy the goods.

---

Definitions:

Capitalist Economy

A financial system where capital goods are owned by individuals or corporations, with investment choices, prices, production, and goods distribution primarily influenced by competition within a free market.

Automatic Stabilizer

Economic policies and programs, like unemployment benefits, that automatically adjust to counteract economic fluctuations without additional government action.

Unemployment Compensation

Government-provided financial assistance to individuals who are unemployed and meet certain eligibility requirements.

Automatic Stabilizer

Economic policies and programs, such as unemployment insurance and progressive taxes, that automatically help stabilize an economy by reducing the severity of economic fluctuations without additional government intervention.