Question
Under the Uniform Commercial Code (UCC), which of the following statements is true of the remedies available to buyers and lessees when a seller or
Under the Uniform Commercial Code (UCC), which of the following statements is true of the remedies available to buyers and lessees when a seller or lessor breaches a sales contract?
In order to obtain cover in a breach of contract by the seller or lessor, buyers or lessees should avoid purchasing goods that are substitutes.
When buyers or lessees reject nonconforming goods, they only have the rights to cancel the contract and not seek any cure from the seller.
Buyers or lessees are allowed to accept nonconforming goods and then seek monetary damages to give them the benefit of the bargain.
Buyers and lessees can recover the goods identified in a contract if the seller or lessor becomes insolvent within 30 days after receiving the first payment due.
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