BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Acceptance of goods occurs when:
A
The goods are used or resold
B
The buyer has agreed by words or conduct that the goods received are satisfactory
C
The buyer fails to reject the goods within a reasonable length of time
D
All of these
Explanation: 

Detailed explanation-1: -Under this Article “acceptance” as applied to goods means that the buyer, pursuant to the contract, takes particular goods which have been appropriated to the contract as his own, whether or not he is obligated to do so, and whether he does so by words, action, or silence when it is time to speak.

Detailed explanation-2: -Acceptance of goods is an indicator that a recipient intends to take ownership or responsibility for goods. For instance, if someone receives a shipment of books in the mail and does not contact the owner to send them back or refuse the delivery within a month, this could constitute acceptance of goods.

Detailed explanation-3: -1. The Buyer shall be deemed to have accepted the Goods if it has expressly notified the Seller of its acceptance or if the Buyer fails to notify the Seller in writing that it does not accept the Goods within 7 days after the Goods were picked up by or on behalf of the Buyer.

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