Klint Microsystems, a Microprocessor Manufacturer, Was Contracted by Zeitar Studios

question 30

Multiple Choice

Klint Microsystems, a microprocessor manufacturer, was contracted by Zeitar Studios to manufacture specially designed microchips to be used in an audio engineering process.Zeitar was to pay Klint $300, 000 as per the contract.Klint decided to redesign their existing microchips and make them suitable for Zeitar.While the finished microchips were being shipped via a carrier, Klint was informed of Zeitar's insolvency.Klint cancelled the shipment before it was delivered.Klint then resold the chips to another Studio where they had to settle for $150, 000, as the chips were now only suitable for specific audio engineering processes.
-What right to remedy did Klint exercise when they stopped shipment to Zeitar?

• A)right to dispose of goods
• B)right to stop goods in transit
• C)right to obtain specific performance
• D)right to recover purchase rent

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Definitions:

Hedge Trimmers

A gardening tool used for pruning hedges and shrubs to maintain or create desired shapes and sizes.

Business Transaction

An economic event with a third party that is recorded in an organization's accounting system.

Purchase Supplies

The process of acquiring the goods and materials necessary for a business to operate.

Upcoming Sale

A future event where items or services are offered at reduced prices for a limited time.