If a seller discovers a buyer is insolvent, the seller:
A) must wait 10 days before taking action.
B) has the right to stop delivery of any goods that are being shipped to the buyer.
C) has to go ahead with the shipment anyway because doing otherwise would disrupt the purchase contract.
D) must wait seven days before taking any action.

Question

Quizplus · Accepted Answer

A buyer is insolvent if he cannot pay his bills when they become due. If a seller discovers a buyer is insolvent, the seller has the right to stop delivery of any goods that are being shipped to the buyer. This would involve notifying the carrier, for example, the trucker or the airline, in time to prevent delivery to the buyer.

If a Seller Discovers a Buyer Is Insolvent, the Seller