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Wilhelm doesn't follow sports, but he agrees to go to a football game with a friend. Because he is unfamiliar with the rules, Wilhelm watches the other spectators around him carefully to see when they clap, stand, cheer, and boo and then copies their behavior. Which strategy is Wilhelm using?
Cover
In the context of contracts, the act of seeking a substitute fulfillment of a contract, for example, purchasing goods from a different supplier if the original supplier fails to perform.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, aimed at harmonizing the law of sales and other commercial transactions across state lines.
2-712
Pertains to the Uniform Commercial Code (UCC), specifically the section regarding "Cover" and the buyer's right to procure substitute goods.
Liquidated Damages
A predetermined sum agreed upon in a contract, to be paid as compensation if one party breaches the agreement.
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