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Question
Ace Appliances, an appliance store, orders 100 toasters from Consolidated Electric (CE). The toasters CE ships to Ace, however, are not the ones Ace ordered. Hence, Ace rejects them. CE then insists that Ace return them, at the expense of Ace. Can CE make Ace return the toasters? If so, who pays the cost of returning the toasters?
Answer
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Related questions
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What year was the Toxic Substances Control Act passed?
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B. 1970
C. 1981
D. 1976
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B. permits.
C. tolerances.
D. blocs.
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The term "Superfund" refers to:
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C. the Comprehensive Environmental Response Compensation and Liability Act (CERCLA).
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Which of the following can issue both National Pollution Discharge Elimination System (NPDES) permits and industrial discharge permits?
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Which of the following was the earliest federal legislation enacted to protect water bodies against pollution?
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A. Comprehensive Environmental Response Compensation and Liability Act
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For _____, cost justification is the primary statutory defense to liability under Section 2(a) of the Robinson-Patman Act.
A. functional discounts
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Which Section of The Clayton Act originally prohibited local and territorial price discrimination by sellers?
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The Clean Water Act incorporates both civil and criminal sanctions.
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Q:
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Which of the following requires parties to the merger agreement for planned mergers involving dollar values of stock or assets exceeding certain amounts to provide advance notice to the FTC and the Justice Department?
A. Section 7 of the Clayton Act
B. The Robinson-Patman Act
C. Section 2 of the Sherman Act
D. The Hart-Scott-Rodino Antitrust Improvement Act
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The Robinson-Patman Act prohibits sellers from making discriminatory payments to competing customers for such customer-performed services as advertising and promotional activities.
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There are three major defenses to price discrimination under the Robinson-Patman Act.
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In the EU, the Commission has considerable authority to quash a merger through its own action.
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C. fined up to $150,000 without an imprisonment.
D. fined up to $250,000 and imprisoned up to 20 years.
Q:
The maximum penalty for a criminal violation of the 1933 Act is a:
A. $20,000 fine and one year imprisonment.
B. $10,000 fine and five years' imprisonment.
C. $20,000 fine and five years' imprisonment.
D. $10,000 fine and one year imprisonment.
Q:
Nast Corp. orally engaged Baker & Co., CPAs, to audit its financial statements. The management of Nast informed Baker that it suspected the accounts receivable were materially overstated. Although the financial statements audited by Baker did, in fact, include a materially overstated accounts receivable balance, Baker issued an unqualified opinion. Nast relied on the financial statements in deciding to obtain a loan from Century Bank to expand its operations. Nast has defaulted on the loan and has incurred a substantial loss. If Nast sues Baker for negligence in failing to discover the overstatement, Baker's best defense would be that:
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Q:
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A. An accountant who prepares and audits financial statements of companies.
B. A consultant who gives advice to companies for improving performance.
C. A securities broker who provides investment advice to retail investors.
D. An attorney who advises companies on corporation and business laws.