Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Corbin purchases a television from Duped Appliances LLC and pays with a check in the amount of $500. Duped Appliances deposits Corbin's check but it

image text in transcribed

Corbin purchases a television from Duped Appliances LLC and pays with a check in the amount of $500. Duped Appliances deposits Corbin's check but it is dishonored for insufficient funds. One week after purchasing the television, Corbin sells the television to Williston who has no knowledge of the dishonor of Corbin's check and pays Corbin $450 in cash. Duped Appliances brings an action against Corbin and Williston seeking $500 for the price of the television. What is the most likely outcome of Duped Appliance's action? A. Duped Appliances may recover from both Corbin and Williston because Corbin is deemed a thief" under the UCC and a thief may never pass good title. B. Duped Appliances may recover only from Williston because Duped Appliance's only proper remedy against Corbin is to bring an action against him based on his dishonored check. C. Duped Appliances may not recover from Williston because Duped Appliances' only proper remedy against Williston is an action for replevin. D. Duped Appliances may not recover from Williston because he meets the requirements of a good faith purchaser for value. Random Farms LLC agrees to sell 5,000 pounds of seed corn to Corny Products, Inc. The parties' contract does not set forth any delivery terms. Under the UCC which of the following would be true about the parties' delivery obligations? A. Random Farms is obligated to deliver all the corn seed in a single delivery. B. Random Farms may deliver the corn seed in a reasonable number of individual deliveries apportioned in good faith over the term of the contract. C. Random Farms must deliver the corn seed to Corny Products' place of business. D. Random Farms must place put the corn seed into the possession of a carrier and bear the risk and expense of doing so

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Robo Auditing Using Artificial Intelligence To Optimize Corporate Finance Processes

Authors: Patrick J.D. Taylor, Manish Singh, Nathanael J. L'Heureux

1st Edition

1544511442, 978-1544511443

More Books

Students also viewed these Accounting questions

Question

17-6 Describe s~les-promotion activities and their use.

Answered: 1 week ago

Question

Who are the participants in securities lending?

Answered: 1 week ago