"One Who Waits Too Long to Complain Has Indicated Satisfaction

question 41

Multiple Choice

"One who waits too long to complain has indicated satisfaction with the agreement despite the initial lack of true consent" is the idea behind the doctrine of:

• A) ratification.
• B) forbearance.
• C) rescission.
• D) emancipation.

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Definitions:

Net Sales

Net sales is the amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

Stock Turn Rate

A measure of how quickly inventory is sold and replaced over a given period, indicating the efficiency of inventory management.

Markup

An additional amount incorporated into the buying price of products to compensate for running expenses and gain profit.

Selling Price

The amount of money for which a product or service is sold to the buyer.