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Question
If a buyer and seller of goods fail to specify in their contract when title is to pass, the UCC's "gap filler" provision provides that title will pass when:
A. the goods are sent to the buyer's home.
B. the contract is formed.
C. the seller completes obligation with respect to physical delivery of the goods.
D. the buyer pays the purchase price.
Answer
This answer is hidden. It contains 126 characters.
Related questions
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Which of the following was the earliest federal legislation enacted to protect water bodies against pollution?
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Which Section of The Clayton Act originally prohibited local and territorial price discrimination by sellers?
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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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In which of the following contexts is a professional most likely to experience a nonclient action?
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C. A securities broker who provides investment advice to retail investors.
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