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Two-Wheel, Inc. shipped goods to The Bike Shop. The Bike Shop accepted the goods and tendered a check. Two-Wheel had heard rumors of The Bike

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Two-Wheel, Inc. shipped goods to The Bike Shop. The Bike Shop accepted the goods and tendered a check. Two-Wheel had heard rumors of The Bike Shop's insolvency and demanded payment in cash. Which statement is correct? Upon Two-Wheel's demand, The Bike Shop must tender cash but has a reasonable time to do so. Upon Two-Wheel's demand, The Bike Shop must immediately tender cash. Two-Wheel has no right to demand cash since it was not part of the agreement. Consequently. The Bike Shop has met its obligation by tendering a check and needs to do no more. Under the circumstances, The Bike Shop can revoke its acceptance

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