Match the Following: A.Designation of Specific Goods as Those to Which the Contract

question 42

Essay

Match the following:
a.Designation of specific goods as those to which the contract of sale refers.b.An action at law to recover specific goods in the possession of a defendant that are being unlawfully withheld from the plaintiff.c.Amount specified in a contract that either party may recover in the event of a breach by the other.d.A seller makes available to buyer goods conforming to the contract and so notifies the buyer.e.The inability of a person to pay his debts in the ordinary course of business or as they become due.f.Total liabilities exceeding the total value of all assets.g.Commercially reasonable charges,expenses,or commissions directly resulting from a breach.h.Expenses resulting from the buyer's requirements and which the seller had reason to expect at the time of contracting;also payment for injury to person or property resulting from breach of warranty.i.A buyer's purchase of goods in substitution for those not delivered by a breaching seller.j.Carrying out one's contractual obligations according to the terms of the contract.k.The Code rule that a seller's performance must exactly conform to the contract.l.The right of a seller under the Code to correct a nonconforming tender of goods to the buyer.m.Buyer's manifestation of an unwillingness to become the owner of the goods.n.Rescission of a buyer's acceptance of the goods based on a nonconformity which substantially impairs their value.
-replevin

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Definitions:

Average Sale Period

The average time period that items remain in inventory before being sold, indicating the liquidity of inventory.

Common Stock

A type of equity security that represents ownership in a corporation, entitling the holder to vote at shareholder meetings and receive dividends.

Total Asset Turnover

A financial ratio that measures a company's ability to generate sales from its assets, calculated as sales divided by total assets.

Common Stock

A type of equity ownership in a corporation, representing a claim on a portion of the profits and assets.