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Anuta_ua [19.1K]
3 years ago
8

Bruce, a buyer, contracted with Steve, a seller, to buy ten dozen bicycle tires for $960. Payment was due thirty days after deli

very. When the tires arrived they were found to be non-conforming to the contract, and Bruce rejected the shipment after inspection. Bruce still has the tires and is required to:________a. Sell the tires to someone else to recover the damage caused by the non-conformity.b. Hold the tires with reasonable care for disposition as the seller instructs.c. Accept the tires and sue for damages for the non-conformity.d. Send the tires back to the seller.e.return the tires to the carrier that brought them.
Business
1 answer:
umka2103 [35]3 years ago
7 0

Answer:

b. Hold the tires with reasonable care for disposition as the seller instructs.

Explanation:

When goods are non-conforming to contract, the buyer has the right to reject the goods. The seller also has the right to cure the defect or ensure conformity.

1. Buyer's right to reject: In this case the buyer has the right to reject the goods on inspection, and notify the seller within a reasonable amount of time.

2. Seller's right to cure: The seller has the right to cure defect on the goods, and this can be done where there is still time to rectify the defects noticed by the buyer. In this case, the buyer is not due to pay for the goods for the next 30 days.

The seller still has the opportunity to meet the contract standard and close the deal.

So option b is correct. The buyer holds the goods pending decision of seller to either cure defects on goods or retrieve the goods.

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Answer:

Status Symbols

Explanation:

According to Oxford dictionary; a status symbol is "a possession that is taken to indicate a person's wealth or high social or professional status."

Hence status Symbols are external displays of the possessors' wealth and social status. These goods can not be possessed by people who do not belong to that social status or profession.

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Rosalie is a rather easy-going kind of woman. she works hard when she's at the office, but she refuses to do more than 40 hours
seropon [69]
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3 years ago
Travis borrowed $10,000 four years ago at an annual interest rate of 7 percent. The loan term is six years. Since he borrowed th
likoan [24]

Answer:

The answer is A

Explanation:

The loan is an interest only loan since he is only paying the interest potion of 7%

Interest only loan is when the borrower pays only the interest for some or all the term of the loan with no changes in the borrowed amount

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3 years ago
Which of the following formulas would allow you to copy it into another cell while keeping the row reference fixed?
zhuklara [117]

Answer:

$C$8

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In this case, the references are "locked" onto column C. Copying the formula to some other location will not change the references since they are absolute.

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2 years ago
Rainey Enterprises loaned $40,000 to Small Co. on June 1, Year 1, for one year at 6 percent interest. Required Show the effects
MariettaO [177]

<u>Explanation:</u>

Cash flow is a statement which shows the amount of cash inflow and outflow of the company. With the help of the cash flow statement the company can determine its efficiency in managing the debt and credit in the company.

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