Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 19 Impossibility of performance will: a. discharge a seller if he can not make a profit Ob.discharge a buyer if she does not have

image text in transcribed
image text in transcribed
QUESTION 19 Impossibility of performance will: a. discharge a seller if he can not make a profit Ob.discharge a buyer if she does not have themoney to pay for the item ordered. c discharge a seller if he can not get the materials needed to produce the item because they have become illegal to obtain. d. make any contract illegal 2.5 points Save QUESTION 20 The legal term allowing a non-breaching party to recover expenses incurred by the breach such as storage fees, insurance and transportation is know as: a. incidental damages b.consequential damages O c. specific performance Od compensatory damages 2.5 points Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Sub QUESTION 21 When a contract is breached, it is the duty of the non breaching party a. to rescind the contract b.to mitigate the damages Octo file a lawsuit in the proper court d. to bring an action for reformation 2.5 points QUESTION 22 Under UCC Article 2 which of the following is false? a. Shipment of non conforming goods may constitute a simultaneous acceptance and breach of contract. b. Shipment of non conforming goods may NEVER constitute an acceptance due to the mirror image rule. OC. Shipment of non conforming goods may be made merely as an accommodation to the buyer d. A unilateral offer may be accepted by a promise to perform 2.5 points

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

What are the different techniques used in decision making?

Answered: 1 week ago