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On March 1, Bob Byer Entered into a Contract with Sam

Question 22

Multiple Choice

On March 1, Bob Byer entered into a contract with Sam Cellar to purchase goods on credit extended by Sam. On April 1 Sam shipped the goods to Bob. The goods were received by Bob on April 15. Sam mailed an invoice to Bob on May 1. Unless the parties agreed to other terms, the credit period for this purchase began to run on ________.


A) March 1
B) April 1
C) April 15
D) May 1

Correct Answer:

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