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V125BC [204]
3 years ago
10

New Furniture. Penny purchased $3,000 worth of furniture from Bob's furniture shop. Through an arrangement with Bob, Penny finan

ced the purchase through a financing company called Let Us Help You. Twenty-nine days after the goods were delivered to her, Penny had a disagreement with Let Us Help You regarding the amount of interest she would be required to pay. She notified Bob on that day that she was rejecting the goods. Bob claimed that she did not properly reject the furniture and also that she acted in bad faith. Penny says that she properly rejected and denies that she acted in bad faith. She also says that, in any event, she cannot be sued for both wrongful rejection and also bad faith because of double jeopardy. What standard of good faith would apply in this situation, and why?
Business
1 answer:
Vlada [557]3 years ago
8 0

Answer:

Please consider the following explanation.

Explanation:

Bob is correct in this case as Penny didn't make a claim that the goods were non-conforming. Penny is incorrect. Since there was no claim of non conformance, Bob doesn't have to refund the $3.000.

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Answer: a. 0.042 b. 0.086 c. 0.00692

Explanation:

NOTE: Convert months to years. So 24 months = 2 years.

a. Six months

Months to year conversion gives: 6months/24months as 1/4 years

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= 1.042 — 1

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Equivalent Discount Rate = 0.042

b. One year

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c. 1 month

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= (1 + 18%)^1/24 — 1 x 100%

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3 years ago
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Answer:

c) the incentive structure accompanying market prices.

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Answer:

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Answer:

A, discharged

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Cheers.

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