Seller 1 Contracts with Buyer to Deliver 400 Widgets

question 14

True/False

Seller 1 contracts with Buyer to deliver 400 widgets.Seller 1 could fulfill this contract,but it assigns the benefits and delegates the duties of this contract to Seller,who accepts.If Seller 2 delivers the widgets that were contracted for,Buyer must accept and pay for them.

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Definitions:

Balance Sheet

A financial statement that summarizes a company’s assets, liabilities, and shareholders' equity at a specific point in time.

Pay Period

The interval of time for which employee wages are calculated and paid, such as weekly, biweekly, monthly.

Dorsiflexion

The backward bending or lifting of the foot at the ankle, moving the toes closer to the shin.

Plantar Flexion

The movement of the foot in which the foot or toes flex downward toward the sole, decreasing the angle between the dorsum of the foot and the leg.