The goods is not considered in transit under the following cases, except: The goods is not considered in transit under the following cases,except:If the buyer or his agent obtains possession of the goods at a point beforethe destination originally fixedIf the carrier or bailee refuses to deliver the goods to the buyer based onjustifiable groundsAfter delivery to the buyer or his agent in that behalfIf the carrier or bailee acknowledges to hold the goods on behalf of thebuyer

Inventory products that have been dispatched by the seller but have not yet been received by the…

Answered: The goods is not considered in transit…

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The goods is not considered in transit under the following cases, except:

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter16: Government Regulation

Section: Chapter Questions

Problem 8E

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Management of AG Travel and Tour has identified two groups of individuals thatwould be interested in the vacation package consisting of room and board and/orentertainment. The maximum amount that group 1 is willing to pay for room andboard is GHC 2500 and for entertainment is GHC 500. For group 2, the maximumamount they are willing to pay for room and board is GHC 1800 and forentertainment is GHC 750. Although AG Travel and Tour is not able to identifymembers of either group, it does know that each group values the components ofthe package differently. Assuming there are an equal number of members in eachgroup and that the total membership in each group is a single individual. If themarginal cost of providing the service (room and board and/or entertainment) toeach group is GHC 1000. How much will the profit for AG Travel and Tour be?
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