Final answer:
Goods are deemed accepted when the buyer either explicitly accepts them or fails to reject them within a reasonable time after delivery. A money-back guarantee can be an effective way for sellers to reassure buyers faced with imperfect information, enhancing confidence in the purchase.
Step-by-step explanation:
When goods are received by a buyer, they are deemed accepted, commonly, when the buyer fails to promptly reject the goods after delivery. This is because acceptance of goods is generally inferred from the actions, or in some cases, the inaction of the buyer. If the buyer does not reject the goods within a reasonable time, they are understood to have accepted them. Inspection alone (Option 1) does not signify acceptance, and neither does the act of delivery by the seller (Option 2). Verbal acceptance upon delivery (Option 4) can indicate acceptance but is not the sole criterion.
To reassure a possible buyer facing imperfect information, sellers in the goods market might offer a money-back guarantee, which acts as a quality assurance and reduces the perceived risk for the buyer. This is particularly significant for businesses that operate via mail-order catalogs or online, where customers cannot physically examine the products before purchase. A money-back guarantee can motivate customers to make a purchase even if they are uncertain about their desire to keep the product.