Question
In: Operations Management
When a fact is known to the agent of a seller, the sale is deemed made...
When a fact is known to the agent of a seller, the sale is deemed made by the seller with knowledge of that fact.
a. True b. False
Solutions
Expert Solution
Answer: True
As described by Ronald Aberdeen Anderson, Ivan Fox, David P. Twomey in the book "Business law", when a fact is known to the agent of a seller, the sale is deemed made by the seller with knowledge of that fact.
keosha answered 2 years agoRelated Solutions
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The fact that Carboplatin which is known as an effective chemotherapeutic agent (a) Outline the mechanism by which Carboplatin binds to DNA: (b) How does this binding slow the rate of tumour growth?
2. If a process is deemed to be functioning properly when it is in fact out...
2.
If a process is deemed to be functioning properly when it is in
fact out of control, which of the following is true?
a.
A Type I error has occurred which is the producer's risk.
b.
A Type II error has occurred which is the producer's risk.
c.
A Type I error has occurred which is the consumer's risk.
d.
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e.
None of the above.
3.
A control...
Intentional misrepresentation or concealment of a known fact by any agent in a real estate transaction...
Intentional misrepresentation or concealment of a known fact
by any agent in a real estate transaction after a buyer makes a
direct inquiry regarding any deaths on the property is:
a) a breach of the seller's agent's general duty owed to the
buyer to respond truthfully.
b) a breach of the buyer's agent's agency duty owed the buyer
as the buyer's representative.
c) Both a and b.
d) Neither a nor b.
A property's net operating income (NOI) represents the...
Under the UCC, when a contract for the sale of goods is breached by the seller...
Under the UCC, when a contract for the sale of goods is breached
by the seller for failure to tender conforming goods to the buyer;
after the buyer has had an opportunity to inspect the goods:
(1) What are the buyer's options in terms of accepting or
rejecting the nonconforming goods?
(2) What opportunity must the seller be given if the time for
performance has not expired?
(3) What is deemed to have occurred if the buyer fails to reject...
Under the UCC, when a contract for the sale of goods is breached by the seller...
Under the UCC, when a contract for the sale of goods is breached
by the seller for failure to tender conforming goods to the buyer;
after the buyer has had an opportunity to inspect the goods: (1)
What are the buyer's options in terms of accepting or rejecting the
nonconforming goods? (2) What opportunity must the seller be given
if the time for performance has not expired? (3) What is deemed to
have occurred if the buyer fails to reject...
When a seller uses its economic power to condition the sale of one product on the...
When a seller uses its economic power to condition the sale of
one product on the buyer's agreement to buy a second product from
the seller, this is known as:
A vertical restraint on trade.
A monopoly
A horizontal restraint on trade.
A tying agreement.
Consider a two-person problem in which there is a single seller who owns an indivisible object and single potential buyer of the object Each agent has a value for the object that is known to him but not known to the other agent.
Consider a two-person problem in which there is a single seller who owns an indivisible object and single potential buyer of the object Each agent has a value for the object that is known to him but not known to the other agent. The mechanism for (possible) trade is that each agent announces a price, and if the buyer's announcement is larger than the seller's announcement, the object is sold to the buyer at the seller's announced price. There is...
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Expatiate on the duties of the seller to the buyer in a contract
for sale of goods.
After making a sale, a seller may have customers that return goods. The seller uses the...
After making a sale, a seller may have customers that return
goods. The seller uses the perpetual inventory system. This
requires the seller to _____.
A.) reduce sales and cost of goods sold for the period
B.) use historical data to record sales revenue in the amount
that is expected to be received
C.) record two adjusting entries to account for the estimated
returns
D.) All of the statements are correct.
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Explain, what are the risks and rewards to a (i) Buyer (ii)
Seller (iii) Lender and (iv) Real Estate Agent of a Buyer buying a
property from a short sale.
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