The Following Events Occurred Before the Goods or Parts of the Goods

question 112

Multiple Choice

The following events occurred before the goods or parts of the goods were lost or destroyed. In which case would the buyer suffer the loss?

• A) Jaspers contracted for four standard-sized cupboards for the kitchen. The boards had been cut, but they had not been assembled.
• B) Al picked out and contracted for a particular computer, and an additional component had to be installed before it was in deliverable state. It was installed, but Al had not been notified that it was ready.
• C) George ordered a Pentium computer system with 4 megabytes of RAM and a 105 megabyte hard drive advertised by Kicks Computers.
• D) Yates chose which of the desks he wanted and contracted for it, but he had agreed to pay and pick it up the next day.
• E) Heinz contracted for all the corn in Silo A. The seller still had to weight the corn to determine the price.

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Definitions:

Inventory Management

The practice of ordering, storing, using, and selling a company's inventory, which includes both raw materials and finished goods.

Quickbooks

An accounting software package developed by Intuit, designed for small and medium-sized businesses, offering on-premises accounting applications as well as cloud-based versions.

Interorganizational

Pertaining to the relationships or interactions between different organizations.

ERP

Enterprise Resource Planning, an integrated management of main business processes, often in real-time and mediated by software and technology.