Which of the Following Is True of the Buyer's Right

question 11

Multiple Choice

Which of the following is true of the buyer's right of inspection?

• A) If the terms of the purchase are cash on delivery, the buyer must pay for the goods before inspection unless they are marked "Inspection Allowed."
• B) If the terms of the purchase are cash on delivery, the buyer always has the right to inspect the goods before he pays for it.
• C) The buyer has a right to inspect goods only if the transaction involves the purchase of perishable commodities or electronic equipment.
• D) The buyer can reject the goods immediately after inspection but only after paying for the goods.

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Definitions:

Trade Policies

Measures and agreements set by governments to control exports and imports with the aim to protect domestic industries, manage the balance of payments, and promote economic growth.

Standard Of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.

Loanable Funds

The money available for borrowing in the financial markets, determined by savings and demands for investment.

Public Saving

The tax revenue that the government has left after paying for its spending.