Question
1- If a buyer discovers that a tender is nonconforming, the buyer may do which of the following EXCEPT? a. Accept the entire tender b.
1- If a buyer discovers that a tender is nonconforming, the buyer may do which of the following EXCEPT?
a. Accept the entire tender
b. Reject the entire tender
c. Reject a commercially reasonable portion of the tender and accept the rest
d. Reject any portion of the tender.
2- Auto Sales & Finance wants to get paid for its goods and services, so it will not sell goods or lend funds unless payment is guaranteed. This is the concept of
a. bad faith.
b. a secured transaction.
c. a fair debt collection practice.
d. fiduciary duty.
3- The seller's right to ship conforming goods to the buyer to replace an earlier nonconforming tender is the right to ______.
a. cover
b. cure
c. replevin
d. specific performance
4- Loan Company has a security interest against Manufacturing Inc. that is enforceable. In other words, with respect to the collateral, Loan's rights are said to
a. attach.
b. ensure.
c. process.
d. perfect.
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