Which of the Following Must Be Met in Every Instance

question 45

Multiple Choice

Which of the following must be met in every instance in order to revoke an acceptance of goods?

• A) The nonconformity must substantially impair the value of the goods.
• B) The seller's promise to cure the nonconformity must not have not been met.
• C) The goods must have been accepted before discovery of the nonconformity and the nonconformity must have been one that was difficult to discover.
• D) The goods must have been accepted before discovery of the nonconformity and the seller must have assured the buyer that the goods were conforming.

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Definitions:

Quantity Supplied

The volume of goods or services that suppliers can and are prepared to dispatch in the market at a particular price point within a defined duration.

Excess Supply

A scenario in which the market has a supply of a product or service that exceeds the demand for it at its present price.

Quantity Demanded

The total amount of a product or service that consumers are willing to buy at a given price over a specified period.

Price Sunglasses

The amount of money required to purchase eyewear designed to protect the eyes from the sun's harmful rays.