Chapter16_Answers - Chapter 16 Assessment Answers Matching...

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Chapter 16 Assessment Answers Matching Key Terms 1. h 4. f 7. a 10. j 2. b 5. c 8. i 3. g 6. e 9. d True/False Quiz 11. T 14. T 17. F 20. T 23. T 12. T 15. T 18. T 21. T 24. F 13. T 16. F 19. T 22. T 25. F Discussion Questions 26. Depending on the goods, these seemingly incompatible goals might be resolved by both parties’ buying futures contracts. Another solution might be for the parties to negotiate the price at a later time. 27. It is important to know when title passes, for that determines who must bear the risk of loss. 28. The benefit to the seller of goods sold with the right of return is that such an arrangement offers good customer relations and it encourages sales to uncertain buyers. Because the seller no longer holds title, the buyer bears any risk of loss or damage. 29. The benefit of a sale on approval is that the buyer can test or otherwise use the goods prior to purchasing them. In the meantime, title and risk of loss remain with the seller. 30.
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This note was uploaded on 04/23/2010 for the course FINA 8645 taught by Professor Smith during the Spring '10 term at Rensselaer Polytechnic Institute.

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Chapter16_Answers - Chapter 16 Assessment Answers Matching...

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