Which of the following remedies would be unavailable to a buyer that could buy the same kind of goods from elsewhere?

a.Consequential damages

b.Incidental damages

c.Actual damages

d.Specific performance

1 points (Extra Credit)

QUESTION 2

1. The statute of limitation provision of the UCC holds that for contracts for the sale of goods (in the absence of contractual agreement to the contrary), the period of time within which a lawsuit must be commenced is:
2. a.one year.
3. b.two years.
4. c.three years.
5. d.four years.

1 points (Extra Credit)

QUESTION 3

1. If the seller discovers that the buyer is insolvent, he has:
2. a.no right to stop the delivery of any goods that he has shipped to the buyer.
3. b.the right to stop the delivery of any goods that he has shipped to the buyer.
4. c.the right to ask the buyer to pay double compensation.
5. d.no right to anything against the buyer.

1 points (Extra Credit)

QUESTION 4

1. If a seller fails to deliver goods called for in the contract, the buyer may purchase substitute goods and recover as damages the difference between the contract price and the cost of the substituted goods. This is known as:
2. a.cover.
3. b.action for the price.
4. c.specific performance.
5. d.incidental damages.

1 points (Extra Credit)

QUESTION 5

1. ________ include any reasonable expenses or charges that the buyer has to pay in obtaining substitute goods in case of a breach of contract on the part of the seller.
2. a.Incidental damages
3. b.Unconscionable damages
4. c.Punitive damages
5. d.Consequential damages