Question
1.In which of the following transactions is the buyer most unlikely to be entitled to specific performance of the contract? Group of answer choices A
1.In which of the following transactions is the buyer most unlikely to be entitled to specific performance of the contract?
Group of answer choices
A contract for purchasing a historical artifact
A contract for purchasing 10,000 tons of wheat
A contract for purchasing a Rembrandt painting
A contract for purchasing a 1910 Ford
2.The Statute of Limitation provision of the UCC holds that for contracts for the sale of goods (in the absence of contractual agreement to the contrary) the period of time within which a lawsuit must be commenced is:
Group of answer choices
one year.
two years.
three years.
four years.
11. If the buyer has misrepresented his solvency to the seller in writing within three months before the delivery of the goods:
Group of answer choices
the 10-day limitation on the seller's right to reclaim the goods does not apply.
the seller should actually repossess the goods within the 10-day period.
the seller's right to reclaim the goods is not subject to the rights of prior purchasers in the ordinary course of the buyer's business.
the seller's right to reclaim the goods is not subject to the rights of creditors with a perfected lien on the buyer's inventory.
22.S agrees to sell B 10,000 widgets at a price of $1.00 per widget. After B breaches the contract, S resells the widgets for $0.90 per widget. This costs S an additional $100 in sales commissions. What amount can S recover from B?
Group of answer choices
Nothing
$100
$1,100
23. If the party who repudiated the contract changes his mind, the repudiation can be withdrawn:
Group of answer choices
before the other party has canceled the contract.
after the other party has materially changed position.
at any point in time.
even if the contract has been cancelled.
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