describe the options that you have if the goods that you receive as a buyer are nonconforming to the goods described within a written sales contract?

Answers

Answer 1

Nonconforming goods are delivered that don't satisfy the specifications (quantities and qualities) of the requested goods defined in a purchase contract.

What are the remedies available to a buyer?

1. Lawsuit for Damages for Non-Delivery - If the seller wilfully fails or declines to deliver the products to the buyer, the buyer may bring a lawsuit for damages for non-delivery. Additionally, in the event of non-delivery, the buyer has the right to get their money back, if they have already paid the price.

2. Lawsuit for price - In the event that the buyer has already paid the price but the items are not delivered to him, he may sue to reclaim the money.

3. Suit for specific performance - When the goods are specified or determinable, the buyer may bring legal action against the seller to require him to fulfil the same goods as agreed upon under the terms of the contract. Only in cases where the products are specific or known, does the court issue orders for specific performance and damages.

To learn more about Nonconforming goods refer to:

https://brainly.com/question/28939349

#SPJ4

Related Questions

define the term structural unemployment and distinguish it from frictional and demand-deficient unemployment. why might structural unemployment fall w

Answers

The business cycle is not only factor contributing to structural unemployment. Over past thirty years, United States has lost hundreds of thousands of well-paying manufacturing jobs as result of production shifting to countries like China with lower cost of living.

What is structural unemployment?

Structural unemployment, a form of involuntary unemployment, results from a mismatch between the capabilities that employees in the economy can provide and those that employers seek in employees. Cyclical unemployment and frictional unemployment are the other two types of unemployment that economists have identified. One of these categories is structural unemployment. Because it necessitates either migration or retraining, structural unemployment can be challenging to overcome. Contrary to structural unemployment, which can be caused by short-term changes in demand from different industries, cyclical unemployment is caused by short-term variations in the overall labor market. Structural unemployment is frequently caused by people's inability to change industries, but it can also happen within sectors as technology changes the nature of work in a given field.

To learn more about structural unemployment, visit:

https://brainly.com/question/12914377

#SPJ4

a company had net cash flows from operations of $143,000, cash flows from financing of $376,000, total cash flows of $569,000, and average total assets of $3,880,000. the cash flow on total assets ratio equals:

Answers

Option B is correct. A company had net cash flows from operations of $143,000, cash flows from financing of $376,000, Total cash flows of $569,000, and average total assets of $3,880,000. the cash flow on total assets ratio equals 4.1%.

Net cash flows from operations = 133000

Divide by Average total assets = 3280000

Cash flow on total assets ratio = 4.1%

Option B 4.1% is correct.

Cash float is a degree of ways awful lot cash a business introduced or spent in general over a time period. Coins go with the flow is generally damaged down into coins glide from working sports, making investment sports, and financing sports on the announcement of cash flows, a common economic assertion.

Cash drift from operations is comprised of fees made as part of the regular route of operations. Examples of these coins outflows are payroll, the fee of goods sold, hire, and utilities. Coins outflows can range considerably whilst business operations are fairly seasonal.

A coins flow declaration suggests the exact amount of a company's cash inflows and outflows over a time frame. The earnings announcement is the maximum commonplace financial announcement and shows an enterprise's revenues and total costs, along with noncash accounting, such as depreciation over a period of time.

To learn more about Cash flow visit here:

brainly.com/question/29768594

#SPJ4

Complete Question:

A company had net cash flows from operations of $133,000, cash flows from the financing of $356,000, total cash flows of $539,000, and average total assets of $3,280,000. The cash flow on total assets ratio equals:

Multiple Choice

A). 16.4%.

B). 4.1%.

C). 3%.

D). 16.5%.

E). 24.7%

is also called procurement. a.purchasing management b.automation c.inventory management d.materials control e.quality control

Answers

Purchasing management is also called procurement. The procurement is the term which means to buy or purchase products and services for the selling purpose.

The purchasing management is the management in which the business buys the products in the bundle or stock quantity for the re-selling purpose or to make their business products as taking the raw material or intermediate goods or stocks.

The purchasing management is the management in which the small seller or shopkeeper become unite with the big organization or business to sell their products and give some profit at the end of the year.

The purchasing management is good for those seller who is not able to sell their products.

To know more about purchasing management here,

https://brainly.com/question/28017308

#SPJ4

thirty percent of the cfa candidates have a degree in economics. what is the popbability that none of them have a degree in econmics?

Answers

The probability that none of them have a degree in economics is 0.657.

We need to calculate

P (X > = 1)

= 1 - P(X =0)

= 1 - (1-0.30)^3

= 0.657

Hence, Option C is Correct

The complete question is:

Thirty percent of the CFA candidates have a degree in economics. A random sample of three CFA candidates is selected. What is the probability that at least one of them has a degree in economics?

1. 0.300

2. 0.343

3. 0.657

4. 0.900

Candidate for Level I CFA

You are regarded as a candidate for the CFA Level I if you are presently preparing for the Level I test. You may do this in a number of different ways on your resume. One strategy is to identify as a Level I candidate for the CFA.

The Excel’s function BINOM.DIST can be used.

To learn more about probability visit:

https://brainly.com/question/30034780

#SPJ4

Other Questions

Select all true statements regarding gamma decay. In lab 2, assignment 2, you implemented a smoothing system using convolution with a box of length N and height 1/N: h1n=(un-un-N)/N. Find the coefficients {a, b} of the linear constant coefficient difference equation (LCCDE) describing this system for N=10. Find the coefficients for the system h1n=0.8nun There are currently 25 frogs in a (large) pond. The frog population grows exponentially, tripling every 10 days. How long will it take (in days) for there to be 150 frogs in the pond? Time to 150 frogs: days The pond's ecosystem can support 1400 frogs. How long until the situation becomes critical? Time to 1400 frogs: days Yiannis is the CEO of a company that has cornered the market on products for both amateur and professional golfers and is the primary seller for the majority ofthese products in the marketplace. What BEST describes the competitive structure that Yiannis's business participates in?A. MonopolyB. Perfect competitionC. MonopsonyD. Monopolistic competition If a fair coin is tossed 9 times, what is the probability, rounded to the nearest thousandth, of getting at most 2 tails? The threat, use, or conspiracy to use _____ within the United States or against an American citizen abroad is punishable under federal law. zoe, aged twenty-two, gave birth to her first child, alexa, four days ago. zoe's initial complaints included insomnia, restlessness, and emotional labiality which progressed to confusion, irritability, delusions, and thoughts of wanting to kill her baby. which diagnosis would you consider first? Find the y intercept y = 17 x + 12. You want to know which files are large files (at least 0.1MB) in your data directory, but you do not want to go through them one by one. So you decide to design a regular expression to help with this. Locate the rule under the p1 target in your Makefile. This rule uses the Is command to list the contents of the data directory in your current folder. The -I option produces the long listing for these contents, which includes their size in bytes. The output of this is command is then piped as input into grep command. The-E option for the grep command allows searching through this text with a regular expression. Replace the regular expression in this grep command to search for any 6 digit number. Since the size of these files are displayed in bytes, the smallest possible six digit number: 100000 corresponds to 0.1MB. When this regular expression is correct, running "make p1" should display the three large files that can be found within the provided data directory. Tip: Start by composing a regex that matches any single digit, and test this to make sure that it works as expected. If you encounter trouble with one specific way of matching single digits, like \d, then please try to find another way that works with grep - E. Once this is working, look for a way to extend this pattern so that it must be repeated exactly six times to be matched. True or False? A true market segment meets all of the following criteria:it is distinct from other segments (different segments have different needs), it is homogeneous within the segment (exhibits common needs),it responds similarly to a market stimulus, and it can be reached by a market intervention Write the coordinates of the vertices after a reflection over the line y=-5. Keep-Or-Drop Decision, Alternatives, Relevant CostsReshier Company makes three types of rug shampooers. Model 1 is the basic model rented through hardware stores and supermarkets. Model 2 is a more advanced model with both dry-and wet-vacuuming capabilities. Model 3 is the heavy-duty riding shampooer sold to hotels and convention centers. A segmented income statement is shown below.Model 1Model 2Model 3TotalSales$270,000$598,000$606,500$1,474,500Less variable costs of goods sold(89,500)(163,640)(352,800)(605,940)Less commissions(6,000)(27,500)(20,250)(53,750)Contribution margin$174,500$406,860$233,450$814,810Less common fixed expenses:Fixed factory overhead(410,000)Fixed selling and administrative(299,000)Operating income$105,810While all models have positive contribution margins, Reshier Company is concerned because operating income is less than 10 percent of sales and is low for this type of company. The companys controller gathered additional information on fixed costs to see why they were so high. The following information on activities and drivers was gathered:Driver Usage by ModelActivityActivity CostActivity DriverModel 1Model 2Model 3Engineering$76,000Engineering hours71071219Setting up177,000Setup hours12,30012,70029,219Customer service112,000Service calls14,3001,58019,219In addition, Model 1 requires the rental of specialized equipment costing $25,000 per year.1. Reformulate the segmented income statement using the additional information on activities. Use a minus sign to indicate any negative margins. Do NOT round interim calculations and, if required, round your answer to the nearest dollar.Reshier CompanySegmented Income StatementModel 1Model 2Model 3Total$$$$Contribution margin$$$$Less traceable fixed expenses:Product margin$$$$Less common fixed expenses:Operating income$ HELPPPPP!! In the early Cold War, the ________ was formed for common defense against the Soviet Union, which then formed the ________ in response.A. United Nations; North Atlantic Treaty OrganizationB, Warsaw Pact; North Atlantic Treaty OrganizationD. North Atlantic Treaty Organization; Warsaw PactD. Marshall Plan; Communist International forty percent (40%) of consumers believe that cash will be obsolete in the next twenty years. assume that 8 consumers are randomly selected. find the probability that: based on its surface temperature of 6,000 k, most photons that leave the sun's surface lie in which region of the electromagnetic spectrum? A stable share price along with a fluctuating dividend based on market conditions is associated with. what spreadsheet function enables you to put each of the colors in column g into a new, separate cell? 1 point divide mid delimit split Which of the following applications would be a viable reason to use write-only memory in a computer?Question 20 options:Using a linked list that can remove elements from the head as well as the tailAcquiring user input from the keyboardPreparing geometric shapes for use on a graphics cardNone of the above If a meeting is scheduled for 30 minutes or longer, you should plan for a break. True or False. regardless of the method of attachment, brake shoes are usually held in a position by spring tension. the inability of drums to dissipate as much heat as disc brakes is one of the reasons discs have replaced drums at the front of all late model cars and light trucks.