Generally speaking, what is the result when two people voluntarily enter an agreement to trade?Multiple choice question.The buyer loses.The seller loses.Both the buyer and the sellers lose.Both the buyer and the seller gain.

True or false: When people enter a voluntary agreement to trade, there is always a winner and a loser.True false question.TrueFalse

Even when a breach of contract on the sellers part occurs,Multiple select question.the buyer typically still wants the goods.the buyer will have many alternatives.the buyer may not have alternatives.the buyer will not want the goods.

The activities buyers and sellers perform to facilitate mutually satisfying exchanges is:Multiple choice question.financesalesmanshipmarketingbusiness

Suppose a buyer refuses to go ahead with contract during the process of manufacturing of goods. In that case, the seller should pick a remedy that:Multiple choice question.maximizes the seller's loss.the buyer refuses.minimizes the seller's loss.the buyer manipulates.

When the buyer refuses to accept conforming goods or wrongfully repudiates the contract, under UCC 2-708 the seller can resell the goods, or determine the damages that the buyer is liable for because of the breach of contract by determining Blank______ or Blank______. (Choose two correct answers)Multiple select question.the difference between the contract price and the market price at which the goods are currently sellingthe market price at which the goods are currently sellingthe "gross sales" the buyer lost when she did not go through with the contractthe “profit” the seller lost when the buyer did not go through with the contract