1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Harlamova29_29 [7]
3 years ago
7

Beau went shopping at ABC Carpet. He saw some carpet he liked but could not make up his mind. The manager at ABC Carpet wrote do

wn the proposed purchase price for him along with a statement that the price would be good for three months. Two months later Beau went back to ABC Carpet to purchase the carpet. Unfortunately, the price had gone up. Beau showed the manager his writing and guaranteed price, but the manager said that the offer was no longer good. Although he had to pay more than the ABC manager had initially promised, Beau proceeded to purchase his carpet from XYZ carpet, and he also contracted with XYZ to do the installation. Unfortunately, Beau almost immediately started to have problems with the carpet. Beau told the sales manager for XYZ Carpet that he was planning on bring suit for breach of warranty. The sales manager, however, told him that the breach of warranty provisions only applied to sales of goods and that the carpet purchase was for installation, a service. Which of the following is true in most states regarding whether the UCC applies to the contract Beau had with XYZ Carpet?A. Common law will be applied, not the UCC, because the contract was mixed.B. The UCC will be applied, not common law because the contract was mixed.C. The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.D. The court will apply the service-warranty test to determine whether the predominant purpose of the contract was the provision of a service in which case the UCC would apply.
Business
1 answer:
Taya2010 [7]3 years ago
5 0

Answer:

C) The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.

Explanation:

From the case it is clear that the contract happens between Beau and the Manager of XYZ is of selling the carpet only. The service on the other hand, is not a department of UCC. The service contracts are department of common law whereas sales of goods law is applied to UCC or Uniform Commercial Code. So, except this option, all other options are false.

You might be interested in
The advantage of setting priorities in your life is that you can _________. a. Easily change your habits and behaviors overnight
nika2105 [10]
C. Learn to focus on the important aspects of your life
8 0
3 years ago
Read 2 more answers
The ledger of Rios Company contains the following balances after adjustments: Retained Earnings $30,000; Dividends $2,000; Servi
ch4aika [34]

Answer:

Service Revenue 50,000 debit

    Income summary  50,000 credit

--to close revenues accounts--

Income summary        34,000 debit

  Salaries and Wages Expense 27,000 credit

  Supplies Expense                      7,000 credit

--to close expenses accounts--

Income summary        2,000 debit

  Dividends                          2,000 credit

--to close dividends account--

Income summary       14,000 debit

  Retained Earnings          14,000 credit

Explanation:

To close the temporary accounts which are, revenues, expenses and dividends we will use an auxiliary account called Income Summary

Then, once all are closed we transfer their balance into retained earnings:

  Income summary

DEBIT           CREDIT

                    50,000

34,000

<u>  2,000                          </u>

       Balance 14,000

7 0
3 years ago
_________ forecasting method is well suited to situations in which sales forecasts are needed for a large number of products.
nikdorinn [45]

Answer:

D. Moving averages

Explanation:

Moving averages is a method of forecasting which is adopted to receive an overall idea of the trends for a given data

Moving averages is an average of any subset of numbers.

This method is very useful when the long-term trends are to be forecast or when the number of data sets are large in numbers.

3 0
2 years ago
Why would you use a chart AND data in Excel?
harina [27]

Answer:

a b d

Explanation:

:)

3 0
2 years ago
The Widget Co. purchased new machinery three years ago for $4 million. The machinerycan be sold to the Roman Co. today for $2 mi
Oduvanchick [21]

Answer: A. $4,600,000; $3,900,000

Explanation:

Based on the information that have been provided in the question, the book value will be calculated as:

= Net working capital + Current liabilities + Net fixed assets

= $725,000 + $1,375,000 + $2,500,000

= $4,600,000

Market value will be:

= $1,900,000 + $2,000,000

= $3,900,000

Therefore, the answer is option A.

4 0
2 years ago
Other questions:
  • You are a monopolist who sells textbooks to undergraduate students. Currently you sell 100 books at a price of​ $100 each, for r
    11·1 answer
  • Why is good customer service particularly important in the Internet age?
    15·1 answer
  • Your supplier offers a discount for purchase of 100 steaks at a time. You normally sell about 5 steaks a night and you don’t lik
    5·1 answer
  • There have been significant developments that have brought operations and supply change management to the forefront of the manag
    14·1 answer
  • MNO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. The company base
    13·1 answer
  • What is the law of demand? ​
    6·2 answers
  • b. A second approach using the cost method of valuation will also be used to estimate value. Comparing vacant lot sales in the m
    7·1 answer
  • An increase in supply is illustrated by a supply curve sifting to the right
    7·1 answer
  • According to information provided in the chapter, McDonald’s has been involved in a variety of corporate social initiatives. Giv
    10·2 answers
  • post-closing trial balance is a list of ____________ accounts and their balances ____________ all _________- entries have been j
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!