Which of the following statements is true for a sale on approval?
A) Goods are delivered to the buyer primarily for resale.
B) Goods are delivered to the buyer primarily for the buyer's use.
C) The risk of loss and title pass to the buyer even before the buyer accepts the goods.
D) Any use of the goods that is consistent with a trial of goods is regarded as an acceptance by the buyer.
Correct Answer:
Verified
Q40: Beck Inc., a food processing company in
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Q42: What is a "sale on approval" contract?
Q43: Sales on approval are primarily _ transactions.
A)
Q44: What is a "sale or return" contract?
Q45: In a sale or return contract, goods
Q46: If a buyer repudiates a contract for
Q47: Distinguish between "FOB" and "FOB destination" contracts.
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In
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