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ycow [4]
2 years ago
7

If a seller fails to deliver the goods, the buyer can purchase other goods to substitute for those due under the contract, but c

annot then sue for consequential damages. a. True b. False
Business
1 answer:
lozanna [386]2 years ago
7 0

Answer:

b. False

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.

The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America.

There are special rules known as the special business standards that are set up by UCC governing the merchants and the sales of goods in the Article 2 of the uniform commercial code.

According to UCC, if a seller under a contractual agreement with a buyer fails to deliver goods, the buyer is permitted by law to purchase other goods to substitute for those due under the contract, and can still sue the seller for any consequential damages.

A substitute product can be defined as a product that a consumer sees as an alternative to another product and as such would offer similar benefits or satisfaction to the consumer.

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Fargo Company's outstanding stock consists of 400 shares of noncumulative 5% preferred stock with a $10 par value and 3,000 shar
kifflom [539]

Answer: Option (a) is correct.

Explanation:

Given that,

Dividend in 2016 = $20,000

Preferred Shares = 400

Par Value of Preferred Stock = 400 × 10 = $4000

Rate of Dividend of Preferred Stock = 5%

(a) Dividend to preferred Shareholders:

= Par Value of Preferred Stock × Rate of Dividend

= $4000  × 5%

= $200

(b) Dividend to Common Shareholders:

= Total Dividend - Dividend to Preferred Shareholders

= $20,000  - $200

= $19,800

6 0
2 years ago
Hey people i have nothing to sy so yeah HI
stira [4]

Answer: hi

Explanation:

6 0
2 years ago
Read 2 more answers
In developing a marketing plan, the section on goals and objectives defines the parameters by which the firm will measure actual
Paraphin [41]

Answer: Evaluation and Control.

Explanation:

If the company is to measure it's performance based on their goal and objectives, this implies that the goal and objective of that company has become a tool with which the company can appraise their performance which is a form of evaluation.

7 0
2 years ago
An associate is seeking advice on which device to purchase for a friend who is a business owner. The friend needs the ability to
Anton [14]

Answer: The following would be the best recommendation: <u><em>Smart watch</em></u>

<u><em>Under this case the associate is purchasing the gift for his friend and from the given option it can be easily stated that  smart watch will the best gift. </em></u>

Smart watch will help his friend and give him the ability to chat activity while keeping in contact with the home office.

<u><em>Therefore, the correct option is (a).</em></u>

8 0
2 years ago
Every decision you make in a computer program involves evaluating one or more _____ expression(s).
fenix001 [56]

Answer:

Boolean expression.

Explanation:

Boolean algebra provides the operations and the rules for working with the set {0, 1}. In computer science, a Boolean expression is an expression in a programing language that produces a Boolean value when evaluated i.e. one of true or false.

Each Boolean expression represents a Boolean function. The values of this function are obtained by substituting 0 and 1 for the variables in the expression.

Are used mostly with while loops, and conditional statements and can be contrasted with arithmetic expressions which are expressions that evaluated to a number.

These expressions are made up of the three logical operators (AND, OR, NOT), the relational operator (> >= < = = <>) and functions that return true or false.

4 0
3 years ago
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