Tinsel X Mas Trees received 200 trees from Misty Tree Farms Ltd.for sale during the holiday season.Tinsel paid a deposit of $500,and Misty granted payment terms of 30 days from the date of delivery.Should Tinsel sell all of the trees but neglect to remit payment within the 30 days,Misty will be entitled to claim an action for the price.

Question

Quizplus · Accepted Answer

Under the agreed payment terms, if Tinsel fails to pay within the 30-day period after delivery, Misty Tree Farms Ltd. is entitled to take legal action to claim the payment for the trees provided.

Tinsel X Mas Trees Received 200 Trees from Misty Tree