If a buyer wishes to buy, is the seller obligated to sell?

If a buyer wishes to buy, is the seller obligated to sell?
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If someone wants my dog there is nothing saying I need to give them my dog.
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Name the curve which shows the quantity of products a seller wishes to sell at a given price level. (1) Demand curve (2) Cost curve (3) Supply curve (4) None of these

Description : Name the curve which shows the quantity of products a seller wishes to sell at a given price level. (1) Demand curve (2) Cost curve (3) Supply curve (4) None of these

Last Answer : (3) Supply curve Explanation: The supply curve shows the relationship between the price of a good and the quantity supplied, holding constant the values of all other variables that affect supply. Each point on the curve shows the quantity that sellers would choose to sell at a specific price.

Name the curve which shows the quantity of products a seller wishes to sell at a given price level. (1) Demand curve (2) Cost curve (3) Supply curve (4) None of these

Description : Name the curve which shows the quantity of products a seller wishes to sell at a given price level. (1) Demand curve (2) Cost curve (3) Supply curve (4) None of these

Last Answer :  Supply curve

seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as - (1) defence (2) betting (3) inter-trading (4) mortgage

Description : seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as - (1) defence (2) betting (3) inter-trading (4) mortgage

Last Answer : (1) defence Explanation: It is known as defence, It is a type of resistance against danger, attack, or harm to business or holding. A seller or buyer resorts to defence as a means of protection.

Bilateral monopoly refers to the market situation of - (1) two sellers, two buyers (2) one seller and two buyers (3) two sellers and one buyer (4) one seller and one buyer

Description : Bilateral monopoly refers to the market situation of - (1) two sellers, two buyers (2) one seller and two buyers (3) two sellers and one buyer (4) one seller and one buyer

Last Answer : (4) one seller and one buyer Explanation: In a bilateral monopoly there is both a monopoly (a single seller) and monopsony (a single buyer) in the same market. The one supplier tends to act ... buyer looks towards paying a price that is as low as possible. Since both parties have conflicting goals,

Bilateral monopoly situation is (1) when there are only two sellers of a product (2) when there are only two buyers of a product (3) when there is only one buyer and one seller of a product (4) when there are two buyers and two sellers of a product

Description : Bilateral monopoly situation is (1) when there are only two sellers of a product (2) when there are only two buyers of a product (3) when there is only one buyer and one seller of a product (4) when there are two buyers and two sellers of a product

Last Answer : (3) when there is only one buyer and one seller of a product Explanation: Bilateral monopoly is a market consisting of a single seller (monopolist) and a single buyer (monopsonist).For example, ... . The equilibrium in such a market cannot be determined by the traditional tools of demand and supply.

Monopoly means - (1) single buyer (2) many sellers (3) single seller (4) many buyers

Description : Monopoly means - (1) single buyer (2) many sellers (3) single seller (4) many buyers

Last Answer : (3) single seller Explanation: A Monopoly exists when a specific person or enterprise is the only supplier of a particular commodity, This contrasts with a monopsony which relates to a single entity ... lack of economic competition to produce the good or service and a lack of viable substitute goods

Market with one buyer and one seller is called A.Monopsony B.Monopoly C.Bilateral Monopoly D.None of the above

Description : Market with one buyer and one seller is called A.Monopsony B.Monopoly C.Bilateral Monopoly D.None of the above

Last Answer : C.Bilateral Monopoly

If elasticity of demand is perfectly inelastic, then burden of tax will be on (a) Buyer (b) Seller (c) on both (a) and (b) (d) More on seller

Description : If elasticity of demand is perfectly inelastic, then burden of tax will be on (a) Buyer (b) Seller (c) on both (a) and (b) (d) More on seller

Last Answer : (a) Buyer

A seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as– (1) defence (2)betting (3) inter-trading (4) mortgage

Description : A seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as– (1) defence (2)betting (3) inter-trading (4) mortgage

Last Answer : defence

Bilateral monopoly situation is (1) when there are only two sellers of a product (2) when there are only two buyers of a product (3) when there is only one buyer and one seller of a product (4) when there are two buyers and two sellers of a product

Description : Bilateral monopoly situation is (1) when there are only two sellers of a product (2) when there are only two buyers of a product (3) when there is only one buyer and one seller of a product (4) when there are two buyers and two sellers of a product

Last Answer : when there is only one buyer and one seller of a product

Bilateral monopoly refers to the market situation of (1) two sellers, two buyers (2) one seller and two buyers (3) two sellers and one buyer (4) one seller and one buyer

Description : Bilateral monopoly refers to the market situation of (1) two sellers, two buyers (2) one seller and two buyers (3) two sellers and one buyer (4) one seller and one buyer

Last Answer : one seller and one buyer

Monopoly means (1) single buyer (2) many sellers (3) single seller (4) many buyers

Description : Monopoly means (1) single buyer (2) many sellers (3) single seller (4) many buyers

Last Answer : single seller

In case of an agreement to sell, action against a third party for damaging the goods can be taken by: A. The seller B. The buyer C. Both D. None

Description : In case of an agreement to sell, action against a third party for damaging the goods can be taken by: A. The seller B. The buyer C. Both D. None

Last Answer : A. The seller

If there is "buyer beware" is there an equal "seller beware"?

Description : If there is "buyer beware" is there an equal "seller beware"?

Last Answer : answer:In my opinion, an honest person will do the right thing. The only seller beware advice I know of is to disclose whatever defects they know of or risk being sued. When selling houses, there is ... the seller does not disclose the defects they know about in the house and yard, they can be sued.

Can a real estate agent represent both a seller and buyer?

Description : Can a real estate agent represent both a seller and buyer?

Last Answer : I think the same agent can legally represent both the buyer and the seller (although it may also depend on the state-state laws vary), but you'd probably want to get your own real estate agent just ... to cost you any more-both real estate agents are paid based on a percentage of the sale price.

When will eBay collect the money for the seller and deliver the car to the buyer?

Description : When will eBay collect the money for the seller and deliver the car to the buyer?

Last Answer : It doesn't do either. eBay facilitates the sale, but takes noactive part in it. The seller is responsible for giving clearpayment instructions, and the terms and methods of delivery.

can an REO SELLER/ BANK charge a buyer "per diem" when the buyer is using an FHA loan ?

Description : can an REO SELLER/ BANK charge a buyer "per diem" when the buyer is using an FHA loan ?

Last Answer : Yes, a REO seller can charge a buyer per diem interest when the buyer is using an FHA loan. A per diem fee can be around $150 per day.

Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________ A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Description : Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________ A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Last Answer : B. Repossession Explanation: Repossession is a term used to denote a financial institution taking back an object that was either used as collateral or rented or leased.

Market with one buyer and one seller 1. Monopoly 2. Bi monopoly 3. Bilateral Monopoly 4. All the above 5. None of these

Description : Market with one buyer and one seller 1. Monopoly 2. Bi monopoly 3. Bilateral Monopoly 4. All the above 5. None of these

Last Answer : Bilateral Monopoly

A bilateral monopoly is a market structure consisting of both a monopoly (a single seller) and a ____(a single buyer). 1. Monopsony 2. Biopoly 3. Triple poly 4. multipoly 5. multisony

Description : A bilateral monopoly is a market structure consisting of both a monopoly (a single seller) and a ____(a single buyer). 1. Monopsony 2. Biopoly 3. Triple poly 4. multipoly 5. multisony

Last Answer : Monopsony

Marketing channel refers to _________________ 1. A physical channel for movement of goods in them from the seller to the buyer 2. A set of firms who handle the physical movement of goods from one point to another 3. Different departments of the producer firm which are associated in ensuring delivery of goods to the buyer 4. A set of independent organizations involved in the process of making a product or service available for use or consumption 5. none of these

Description : Marketing channel refers to _________________ 1. A physical channel for movement of goods in them from the seller to the buyer 2. A set of firms who handle the physical movement of goods from one ... the process of making a product or service available for use or consumption 5. none of these

Last Answer : Different departments of the producer firm which are associated in ensuring delivery of goods to the buyer

Marketing implies "Meeting needs of __________ 1. of the cutomer only 2. of the needs of seller and buyer 3. of the needs of the customers profitability 4. all the above 5. none

Description : Marketing implies "Meeting needs of __________ 1. of the cutomer only 2. of the needs of seller and buyer 3. of the needs of the customers profitability 4. all the above 5. none

Last Answer : of the needs of the customers profitability

"Conversion" in sales language means ...... 1) converting a buyer into a seller 2) converting a seller into a buyer 3) converting a prospect into a client 4) All of these

Description : "Conversion" in sales language means ...... 1) converting a buyer into a seller 2) converting a seller into a buyer 3) converting a prospect into a client 4) All of these

Last Answer : 3) converting a prospect into a client

Sales revenues are usually considered earned when a. cash is received from credit sales. b. an order is received. c. goods have been transferred from the seller to the buyer. d. adjusting entries are made.

Description : Sales revenues are usually considered earned when a. cash is received from credit sales. b. an order is received. c. goods have been transferred from the seller to the buyer. d. adjusting entries are made.

Last Answer : d. adjusting entries are made.

Bryan Company purchased merchandise from Cates Company with freight terms of FOB shipping point. The freight costs will be paid by the a. seller. b. buyer. c. transportation company. d. buyer and the seller.

Description : Bryan Company purchased merchandise from Cates Company with freight terms of FOB shipping point. The freight costs will be paid by the a. seller. b. buyer. c. transportation company. d. buyer and the seller.

Last Answer : b. buyer.

Freight costs paid by a seller on merchandise sold to customers will cause an increase a. in the selling expense of the buyer. b. in operating expenses for the seller. c. to the cost of goods sold of the seller

Description : Freight costs paid by a seller on merchandise sold to customers will cause an increase a. in the selling expense of the buyer. b. in operating expenses for the seller. c. to the cost of goods sold of the seller

Last Answer : b. in operating expenses for the seller.

Quoted shares are those shares which are A Listed on the stock exchange B Quoted daily C Quoted by the seller D Quoted by the buyer ANS: Listed on the stock exchange

Description : Quoted shares are those shares which are A Listed on the stock exchange B Quoted daily C Quoted by the seller D Quoted by the buyer

Last Answer : ANS: Listed on the stock exchange

The buyer accepts the invoice and acknowledges _______ on the due date a. Seller b. Paying c. Buyer

Description : The buyer accepts the invoice and acknowledges _______ on the due date a. Seller b. Paying c. Buyer

Last Answer : b. Paying

_______________ doctrine places the responsibility of product safety on corporations A. Buyer beware B. Seller beware C. Seller take care D. Buyer and seller take care

Description : _______________ doctrine places the responsibility of product safety on corporations A. Buyer beware B. Seller beware C. Seller take care D. Buyer and seller take care

Last Answer : C. Seller take care

Caveat Emptor means A. Let the buyer beware B. Let the seller beware C. Let the government beware D. None of the above

Description : Caveat Emptor means A. Let the buyer beware B. Let the seller beware C. Let the government beware D. None of the above

Last Answer : A. Let the buyer beware

In case of ‘sale or return’ the buyer is deemed to have accepted the goods when: A. He does not intimate to the seller that he has rejected them B. He retains without intimating the seller that he has rejected them C. He rejects the goods but does not intimate the seller D. He pledges the goods

Description : In case of ‘sale or return’ the buyer is deemed to have accepted the goods when: A. He does not intimate to the seller that he has rejected them B. He retains without intimating the seller that he has rejected them C. He rejects the goods but does not intimate the seller D. He pledges the goods

Last Answer : A. He does not intimate to the seller that he has rejected them

Delivery of key of the warehouse by the seller to the buyer will amount to: A. Symbolic Delivery B. Actual Delivery C. Constructive Delivery D. No delivery

Description : Delivery of key of the warehouse by the seller to the buyer will amount to: A. Symbolic Delivery B. Actual Delivery C. Constructive Delivery D. No delivery

Last Answer : A. Symbolic Delivery

Under which of the circumstances unpaid seller loses his right of lien A. By estoppel B. Where seller waived the right of lien C. Where the buyer or his agent lawfully obtains possession of the goods D. Any of the above

Description : Under which of the circumstances unpaid seller loses his right of lien A. By estoppel B. Where seller waived the right of lien C. Where the buyer or his agent lawfully obtains possession of the goods D. Any of the above

Last Answer : D. Any of the above

An unpaid seller is having rights against A. Goods only B. The buyer only C. Both goods and buyer D. None of the above

Description : An unpaid seller is having rights against A. Goods only B. The buyer only C. Both goods and buyer D. None of the above

Last Answer : C. Both goods and buyer

he unpaid seller has right of stoppage of goods in transit only where the buyer A. Become insolvent B. Refuses to pay price C. Acts fraudulently D. All of these

Description : he unpaid seller has right of stoppage of goods in transit only where the buyer A. Become insolvent B. Refuses to pay price C. Acts fraudulently D. All of these

Last Answer : A. Become insolvent

Where the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue for: A. Damages for non-delivery B. Damages for non-acceptance C. Specific performance D. Compensation

Description : Where the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue for: A. Damages for non-delivery B. Damages for non-acceptance C. Specific performance D. Compensation

Last Answer : A. Damages for non-delivery

The seller is required to supply the goods which shall be fit for buyer's purpose where the A. Seller is the sole distributor of goods sold. B. Seller knows the particular purpose of buyer. C. Buyer makes his purpose clear and relies upon seller's skill and judgement. D. Buyer is uneducated and the person of rural background.

Description : The seller is required to supply the goods which shall be fit for buyer's purpose where the A. Seller is the sole distributor of goods sold. B. Seller knows the particular purpose of buyer. ... and relies upon seller's skill and judgement. D. Buyer is uneducated and the person of rural background.

Last Answer : B. Seller knows the particular purpose of buyer.

In case of breach of condition, the buyer A. Has no remedy B. Can reject the goods. C. Cannot reject the goods. D. Can get the seller arrested

Description : In case of breach of condition, the buyer A. Has no remedy B. Can reject the goods. C. Cannot reject the goods. D. Can get the seller arrested

Last Answer : B. Can reject the goods.

The difference between an agent and a broker is that an agent A)is an intermediary, whereas a broker is not. B)represents the seller and a broker represents the buyer. C)determines who the consumers are, whereas the broker does not determine the customers. D)usually represents people on a permanent basis, whereas a broker usually does so on a temporary basis.

Description : The difference between an agent and a broker is that an agent A)is an intermediary, whereas a broker is not. B)represents the seller and a broker represents the buyer. C)determines who the ... D)usually represents people on a permanent basis, whereas a broker usually does so on a temporary basis.

Last Answer : D)usually represents people on a permanent basis, whereas a broker usually does so on a temporary basis.

The unpaid seller can exercise his right of stoppage of goods in transit where the buyer a)refuse to pay price b)acts fraudulently c)become insolvent d)all of these

Description : The unpaid seller can exercise his right of stoppage of goods in transit where the buyer a)refuse to pay price b)acts fraudulently c)become insolvent d)all of these

Last Answer : d)all of these

In which of the following cases, the unpaid seller loses his right of lien? a) delivery of goods to buyer b)delivery of goods to carrier c) tender of price by buyer d) all of these

Description : In which of the following cases, the unpaid seller loses his right of lien? a) delivery of goods to buyer b)delivery of goods to carrier c) tender of price by buyer d) all of these

Last Answer : c) tender of price by buyer

On the payment of price by the buyer ,if the seller fails to deliver the goods ,then the buyer can file a suit for a) refund of price b)interest c) none of this d)both (a )and (b)

Description : On the payment of price by the buyer ,if the seller fails to deliver the goods ,then the buyer can file a suit for a) refund of price b)interest c) none of this d)both (a )and (b)

Last Answer : a) refund of price

A …….. duty is to bring together the buyer and seller and make the sale happen. a. Broker’s b. Factor’s c. Commission agent’s d. Del credere agent’s

Description : A …….. duty is to bring together the buyer and seller and make the sale happen. a. Broker’s b. Factor’s c. Commission agent’s d. Del credere agent’s

Last Answer : a. Broker’s

What is the process in which a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by submitting successively lower bids until there is only one seller left? a. B2B marketplace b. Intranet c. Reverse auction d. Internet

Description : What is the process in which a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by submitting successively lower bids until there is only one seller left? a. B2B marketplace b. Intranet c. Reverse auction d. Internet

Last Answer : c. Reverse auction

9. If the Federal Reserve wishes to increase the money supply, it should: a. raise the reserve requirement b. raise the discount rate c. buy Treasury securities in the open market d. all of the above

Description : 9. If the Federal Reserve wishes to increase the money supply, it should: a. raise the reserve requirement b. raise the discount rate c. buy Treasury securities in the open market d. all of the above

Last Answer : c. buy Treasury securities in the open market

Derivatives contract which gives the buyer/holder of the contract the right(but not the obligation) to buy/sell the underlying asset at a predetermined price within or at end of a specified period is known as A. Futures contract B. Option Contract C. Index Futures contract D. Mini Derivative contract E. None of the Above

Description : Derivatives contract which gives the buyer/holder of the contract the right(but not the obligation) to buy/sell the underlying asset at a predetermined price within or at end of a specified period is ... B. Option Contract C. Index Futures contract D. Mini Derivative contract E. None of the Above

Last Answer : B. Option Contract Explanation: Options Contract is a type of Derivatives Contract which gives the buyer/holder of the contract the right (but not the obligation) to buy/sell the underlying asset at a predetermined price within or at end of a specified period.

One of the essential conditions of Monopolistic competition is - (1) Many buyers but one seller (2) Price discrimination (3) Product differentiation (4) Homogeneous product

Description : One of the essential conditions of Monopolistic competition is - (1) Many buyers but one seller (2) Price discrimination (3) Product differentiation (4) Homogeneous product

Last Answer : (3) Product differentiation Explanation: Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not ... the market becomes more like a perfectly competitive one where firms cannot gain economic profit.

At "Break-even point", (1) the industry is in equilibrium in the long run. (2) the producers suffers the minimum losses (3) the seller earns maximum profit (4) the firm is at zero-profit point

Description : At "Break-even point", (1) the industry is in equilibrium in the long run. (2) the producers suffers the minimum losses (3) the seller earns maximum profit (4) the firm is at zero-profit point

Last Answer : (4) the firm is at zero-profit point Explanation: The break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even." For businesses, reaching the break-even point is the first major step towards profitability.

Which one of the following is not a feature of monopoly? (1) Single seller of the product (2) Heavy selling costs (3) Barriers to entry of new firms (4) Price discriminations

Description : Which one of the following is not a feature of monopoly? (1) Single seller of the product (2) Heavy selling costs (3) Barriers to entry of new firms (4) Price discriminations

Last Answer : (2) Heavy selling costs Explanation: Heavy selling cost is one of the defining features of an oligopoly. Firms resort to heavy selling cost to attract customers. Under this market ... mainly by heavy advertising and promotional expenditure that ultimately adds to the total selling cost.

Which of the following is a characteristic of pure monopoly? a. one seller of the product b. low barriers to entry c. close substitute products d. perfect informatio

Description : Which of the following is a characteristic of pure monopoly? a. one seller of the product b. low barriers to entry c. close substitute products d. perfect informatio

Last Answer : a. one seller of the product