Marvel Electronix Orders Thirty Hard Drives from Nano Computers,Inc

question 12

Multiple Choice

Marvel Electronix orders thirty hard drives from Nano Computers,Inc.The hard drives are stored in Onyx Warehouse.Under the terms of the order,Nano must give Marvel a warehouse receipt for the goods,which Marvel will then pick up.Title to the goods passes to Marvel when

• A)Nano gives Marvel a warehouse receipt for the goods.
• B)Marvel orders the goods.
• C)Marvel picks up the goods.
• D)Onyx Warehouse stores the goods.

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Definitions:

Price Discrimination

Price discrimination occurs when a seller charges different prices to different customers for the same product or service, where such differences cannot be justified by variations in cost.

Group Boycotts

A concerted refusal by a group of businesses to deal with a particular company or a form of collective industrial action.

Sherman Act

A landmark federal statute in the United States antitrust law passed by Congress in 1890 to preserve competitive markets by prohibiting monopolies, cartels, and other forms of anti-competitive behavior.

Group Boycotts

A concerted action by businesses to exclude a party from commercial dealings, potentially violating antitrust laws.