Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Six months before contractual performance is due under a contract governed by the UCC, Maria reasonably believes that Theresa will be unable to perform required

Six months before contractual performance is due under a contract governed by the UCC, Maria reasonably believes that Theresa will be unable to perform required contract obligations. What rights, if any, does Maria have?

Multiple Choice

  • Maria may demand assurance from Theresa that the contract will be performed; and if such assurances are not given within 30 days, Theresa is considered to have repudiated the contract.
  • Maria may demand absolute proof from Theresa that the contract will be performed; and if such assurances are not immediately forthcoming, Theresa is considered to have repudiated the contract.
  • Because her belief as to Theresa's inability to perform is reasonable, Maria may cancel the contract immediately.
  • Maria has no rights.

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

Intellectual Property Law

Authors: Lionel Bently, Brad Sherman, Dev Gangjee, Phillip Johnson

5th Edition

0198769954, 978-0198769958

More Books

Students also viewed these Law questions

Question

6. How can a message directly influence the interpreter?

Answered: 1 week ago