Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

True or False 41. When a breach of contract occurs, the innocent injured party has a duty to act reasonably to decrease the amount of

True or False

41. When a breach of contract occurs, the innocent injured party has a duty to act reasonably to decrease the amount of damages that he or she suffers. Answer #41:

42. Article 2 of the Uniform Commercial Code does not deal with the buying or selling of real property. Answer #42:

43. Regarding the Uniform Commercial Code, the predominant-factor test is used to determine the proportion of goods to services of a contract. The portion of the contract that is determined to be goods will be decided under the UCC, and the portion that is determined to be services will be decided under common law. Answer #43:

44. The Perfect Tender Rule states that a seller must deliver to the buyer goods that conform perfectly to the requirements stipulated in the sales contract. Answer #44:

45. Under the UCC, to be merchantable, goods must be reasonably fit for the ordinary purposes for which such goods are used and must be of above-average quality. Answer #45:

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

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

Recommended Textbook for

Financial Accounting Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

8th edition

978-1118953815, 978-1118953907

More Books

Students also viewed these Accounting questions

Question

In Problems 3542, find v. v = 6i + 2j

Answered: 1 week ago