How does a sale differ from a contract to sell?
A) Cash must change hands for a contract to sell to exist,but not for a sale to be completed.
B) The UCC defines a sale and a contract to sell as synonymous.
C) A sale is made when the salesperson makes an offer and receives unqualified acceptance,while a contract to sell exists only when the title passes from the seller to the buyer.
D) A contract to sell exists anytime a salesperson makes an offer and receives unqualified acceptance from the customer,while a sale is made only when the title passes from the seller to the buyer.
E) A sale is made as soon as a buyer agrees to a price,while a contract to sell exists as soon as a seller gives an offer.
Correct Answer:
Verified
Q43: Which of the following statements is true
Q44: When a purchasing agent bought an order
Q45: If the terms of the contract specify
Q46: Which of the following statements is true
Q47: When James sold protective window bars for
Q49: Which of the following statements is true
Q50: If the terms of the contract specify
Q51: In the context of incentives given by
Q52: According to UCC,orders become contracts to sell
Q53: According to the Uniform Commercial Code (UCC),a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents