Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Billie agrees in writing to sell Vinton her 1982 Ferrari for $50,000. Before Vinton can come by to get the car, it is damaged by
Billie agrees in writing to sell Vinton her 1982 Ferrari for $50,000. Before Vinton can come by to get the car, it is damaged by hail during a massive storm. Under the UCC, which of the following options applies to Vinton in this scenario.
-Vinton must pay Billie the agreed-upon price of $50,000 for the car.
-Vinton can pay the $50,000 for the car but sue Billie for damages.
-Vinton can accept the car as is with a reduction in price.
-Vinton can require Billie to repair the car and then sell it to him at a reduced price.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started