The buyer is willing to accept nonconforming goods

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Reference no: EM132129156

1. The owners of a corporation are called:

a. principals

b. officers

c. none of the other choices

d. shareholders

e. partners

2. If the buyer is willing to accept nonconforming goods:

a. none of the other choices are correct

b. buyers may never accept nonconforming goods

c. the goods must only be paid for if the nonconformance does not interfere with function

d. the goods need not be paid for

e. the contract must be rewritten

3. The award to a prevailing party in suit for breach of contract to recover costs incurred due to relying on the promise of the other party is called:

a. punitive damages

b. nominal damages

c. liquidated damages

d. none of the other choices

e. mitigation damages

Reference no: EM132129156

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