Answered: For which of the following sale…

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In the case of a contract for sale by sample there is an implied condition of all the following EXCEPT: That the goods will be free from any defect, rendering them un-merchantable, which would not O a. be apparent on reasonable examination of the sample. O b. That the buyer will have a reasonable opportunity of comparing the bulk with the sample C. That the bulk will correspond with the sample in quality O d. That the bulk of items will on average correspond with the sample quality
1) Supplier and Retail Firm A retail-level firm has a contract to sell a single unit of a good to a consumer for 10$. Not delivering the good leads to no payment from the consumer along with a penalty of 5$ to be paid to the consumer by the firm as per the contract between the firm and the consumer. The retail-level firm must also pay an operating cost of 3$ in order to stay in business and in order to be able to deliver the good. This cost must be paid even if the firm decides not to sell the good. Failing to deliver the good and having to pay the penalty and the other costs would lead to the retail firm going out of business. A supplier firm is the only firm in the world that can build the good. The supplier can build the good for 2$ and does so after an order is made. The supplier cannot sell directly to the consumer and there is only one retail firm in this market. Both the supplier and the retailer only care about their own private profit. There is no contract at this point…
Determine the type of risk response being described in each case.Mr. Author annually publishes a new version of his textbook. He acknowledges that some students will use the old version instead. He also understands that some students will obtain a fake copy of his book. This will like reduce his sales volume. a. Avoidanceb. Mitigationc/ AcceptanceABC Corporation does not want to be liable for transportation losses. It sells only with the terms FOB Shipping point. a. Avoidanceb. Mitigationc. AcceptanceEmployees are required to participate in the annual earthquake drill. They are reminded to keep calm to avoid stampedes. a. Avoidanceb. Mitigationc. Acceptance
1. provide an example of products purchased for a business where the risk of loss is on the seller. 2.provide an example where the risk of loss is on the buyer.
Give a detailed explanation of whether the following statements are true or false. • The buyer of an option has an obligation to purchase the underlying asset in the case of a call, or sell in the case of a put, which the seller of an option has the right to deliver in the case of a call, or take delivery in the case of a put. • Call-put parity implies that currency puts and calls written with exercise prices at the forward rate will have different values because, if the foreign interest rate exceeds the domestic rate, the forward rate is at a discount; therefore, the exchange rate is expected to depreciate, making the put more valuable
100 551 3277 CE P Suzie went grocery shopping and saw a Girl Scout selling cookies outside the store. When asked if she'd like to buy any, Suzie politely declined and went about her shopping. However, when she got home, her neighbor's daughter, who is also a Girl Scout, asked Suzie to buy some cookies. Suzie felt obligated so she purchased two boxes. What led to Suzie's change of heart?
1. At a local Bed and Bath Superstore, the manager knows her customers will pay no more than $390 for a bedspread. The company wants a 40% markup on selling price. What is the most that the company can pay for a bedspread to realize the required markup?
A firm wants to stop its sales agents from pricing too aggressively to make sales by requiring the agent to obtain a marketing manager’s permission to reduce price below a specific threshold. This solution would only work if a) The marketing manager has no information about the matter at hand b) The marketing manager can only get all the information on the case from the sales agent c) Enough unbiased information is transferred to the manager to prevent an unprofitable price reduction d) All of the above Please clearly explain your answer
A property sold for 180% of what the vendors originally paid for it. What was that original price if the recent selling price was $810,000 ?
You are a purchasing director for a group of grocery stores in the northeastern United States. You have signed a contract with a farmer in Illinois to provide you with a certain amount of corn for a set price. That corn is nearly ready to be harvested and sent to your stores. Title to the corn will transfer when the corn is picked and the risk of loss will remain with the farmer until the corn is delivered to your store. The first half of the payment for the corn is due in two weeks, when the corn is to be picked. You see on the news one morning that several major storms moved through Illinois overnight, and the reporters are showing and reporting that nearly all crops in the region have been destroyed. You are worried that the corn from your contract has been destroyed and you do not want to send the payment for the corn. Explain what you will do in this situation.
A manufacturer of motor oil has a trade discount policy whereby the manufacturer’s suggested retail price is $30 per case with the terms of 40/20/10. The manufacturer sells its products through jobbers, who sell to wholesalers, who sell to gasoline stations. What will the manufacturer’s sale price be?
An entity sells goods with a warranty covering customers for the cost of repairs of any defects that are discovered within the first two months after purchase. Past experience suggests that 80% of the goods sold will have no defects, 15% will have minor defects and 5% will have major defects. If minor defects were detected in all products sold the cost of repairs would be €30,000; if major defects were detected in all products sold, the cost would be €150,000. What amount of provision should be made?

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		A sale or return
		A sale on approval
		A sale labeled as "FAS"
		A bulk sale

For which of the following sale contracts does title and risk of loss remain with the seller until the buyer accepts the goods? A sale or return A sale on approval A sale labeled as "FAS" A bulk sale