Posted: July 20th, 2016

Once made, anticipatory repudiation can never be withdrawn. True False?

Question 5
Under the UCC, list three remedies available to a seller when a buyer breaches a contract

Question 6
A buyer can accept only part of a commercial unit, without accepting the whole unit.
True
False

Question 7
Buyer, who owns a grocery store, orders bananas from a fruit wholesaler. The bananas arrive, but they are much too ripe to sell in the grocery. Buyer rejects the bananas and promptly notifies the fruit wholesaler of his rejection. What are Buyer s responsibilities regarding the bananas?
A. Buyer must follow any reasonable instructions the seller gives concerning the disposition of the bananas because Buyer is a merchant buyer and seller a merchant seller engaged in the business of selling fruit.
B. Under the UCC, if the seller gives no instructions as to the disposition of the bananas, Buyer must make a reasonable effort to sell them on the seller s behalf since they are perishable goods.
C. neither (a) nor (b).
D. both (a) and (b).

Question 8
If an agent uses the money of the principal for the agent s purposes, the principal does not have the option to sue if he has already signed any papers.
True
False

Question 9
Once made, anticipatory repudiation can never be withdrawn.
True
False