Which of the following is true of a seller's right to dispose of goods from a breach of contract?
A) Any profit made on the resale or release of the goods has to be shared with the original buyer.
B) Incidental charges can be recovered from the original buyer.
C) The seller cannot resell the goods unless the original buyer agrees to it.
D) The buyer can only dispose of goods that have already been delivered.
B
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Calculate the percent gross profit for a company if the sales revenue generated is $200 million, and the firm sells 60 products that cost $2 million each to produce
A) 20% B) 40% C) 50% D) 60% E) 80%
Martha's mother Joan opened a trustee bank account. The designation on the bank account reads, "Joan Williams, as trustee for Martha Williams." This indicates that
A) Joan will manage the funds in this account solely for the benefit of her daughter. B) Martha can presently retrieve funds from the account if she so wishes. C) Martha has no right to the funds in the account while her mother is alive. D) Martha has a right to retrieve funds from the account if her mother is mentally incapacitated.