1. (TRUE FALSE). Under the UCC, the State of Limitations to commence a legal action for allegedly breaching a sales or lease contract is 4 years. 2. (TRUE (FALSE). The seller in a contract for the sale of goods is never allowed to withhold delivery of the good, even when buyer breaches the contract prior to the good being delivered. 3. When the buyer breaches a contract for the sale of goods and the seller elects to resell the goods to another buyer but at a reduced price the seller is able to recover damages equal to the difference between the Contrect price and the market orice plus Incidental damages and minus expenses saved. 4. This type of damages is identified by the parties in the sales or lease contract before the breach occurs. a. Punitive Damages Damages b. Liquidated Damages c. Incidental 5. (TRUE FALSE). Suing to recover damages is the preferred remedy for mon-breaching buyers to get the benefit of the bargain under the UCC. 5. The UCC provides that buyers can in certain circumstances or substitute goods for those due under the sales or lease contract when the seller breaches. 7. Under certain circumstances, the buyer or seller can demand _thereby requiring the seller or lessor to deliver the particular goods identified in the contract. B. (TRUE/FALSE) The buyer to a sales contract can demand Specific Performance when the goods are fungible, i.e. interchangeable with another