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Alan has agreed to sell a shipment of vintage design hats to Hats Inc. He deliver the hats to Hats' warehouse on April 1st and

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Alan has agreed to sell a shipment of vintage design hats to Hats Inc. He deliver the hats to Hats' warehouse on April 1st and the company promises to pay Alan later that month. Alan noticed that the warehouse was completely empty except for his shipment. Hats Inc. is petitioned into bankruptcy on April 15th and does not pay Alan for the goods. Which of the following is true? As an unpaid supplier, Alan may reclaim identifiable goods that were delivered within 30 days of the bankruptcy proceedings. As an unpaid supplier, Alan should immediately sue for payment As an unpaid supplier, Alan has no rights and should write off his losses immediately. None of the above All of the above In the contract of sale of Smiths' house to Jones, no particular method of payment was specified. Jones's lawyer has heard rumours that Smith got a much better offer after he signed the deal with Jones, and, from the attitude displayed by Smith recently, Jones's lawyer thinks Smith may be hoping the deal will full through. Jones... should make sure he has cash for the full amount on the date of closing should make sure that, if he has a personal cheque for the full amount, it is accompanied by a banker's letter guaranteeing the funds are there. should make sure he has a certified cheque for the full amount on the date of closing need not worry about how payment is made since, as long as it is the exact amount, Smith cannot legally refuse any mode of tender, provided that the contract did not stipulate a particular mode

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