Which of the Following Is True About the Seller's Duty

question 27

Multiple Choice

Which of the following is true about the seller's duty of delivery?

• A) The contract of sale requires the seller to deliver the goods to the buyer's place of business.
• B) If the goods are covered by a negotiable warehouse receipt, the buyer must indorse the receipt.
• C) The buyer is required to officially notify the seller once he receives the goods.
• D) The seller's basic obligation is to tender delivery of goods that conform to the contract with the buyer.

---

Definitions:

Alternative Investments

Investment assets that do not fall into conventional categories such as stocks, bonds, or cash, including real estate, hedge funds, or commodities.

Differential Revenue

The difference in revenue between two alternatives, often used in decision making to understand the financial impact of different choices.

Fixed Costs

Expenses that do not vary with production volume, such as rent and salaries.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as raw materials and labor costs.