• Law
College

The UCC allows a contract to be enforced based on a larger picture that consists of:

A. Correspondence or verbal exchanges between the parties.
B. Industry standards and norms.
C. Past commercial conduct.
D. All of the above.

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If the seller has delivered goods and the buyer timely rejects them under the perfect tender rule and the time period for performance under the contract has not expired, the seller may "cure" the default by:

A. Tendering conforming goods.
B. Giving notice of intent to cure.
C. Neither A nor B.
D. Both A and B.

Answer :

Question 57: If the seller has delivered goods and the buyer timely rejects them under the perfect tender rule and the time period for performance under the contract has not expired, the seller may "Cure" the default by:


Under the Uniform Commercial Code (UCC), if the seller delivers goods that are not in accordance with the terms of the contract and the buyer rejects them, the seller may have the opportunity to "cure" the default. "Cure" means that the seller can correct the nonconformity and provide goods that meet the contract requirements. This gives the seller the opportunity to fix the issue and provide goods that meet the contract requirements within the agreed-upon time frame.



It's important to note that the seller can only cure the default if the time period for performance under the contract has not expired. If the contract's performance period has already ended, the seller would not have the opportunity to cure the default. To summarize, if the seller timely delivers goods that are not in accordance with the contract and the buyer rejects them, the seller may cure the default by tendering performing goods or by giving notice of their intent to cure, as long as the time period for performance under the contract has not expired. The seller may "cure" the default by tendering performing goods or by giving notice of their intent to cure, as long as the time period for performance under the contract has not expired.

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