A buyer is _____ if he cannot pay his bills when they become due.

Question

Quizplus · Accepted Answer

A buyer is insolvent if he cannot pay his bills when they become due.The seller then has the right to withhold delivery until the buyer pays cash for the goods and for any goods previously delivered for which payment has not been made.The seller also has the right to require the buyer to return any goods the insolvent buyer obtained from the seller within the previous 10 days.

A Buyer Is _____ If He Cannot Pay His Bills