Minewell Publishers Contracts with Inkhome Paper to Purchase Large Quantities

question 29

Multiple Choice

Minewell Publishers contracts with Inkhome Paper to purchase large quantities of bond paper.Minewell accepts the shipment supplied by Inkhome but fails to pay for it when the payment is due.Which of the following rights can be exercised by Inkhome Paper to reclaim their payment?

• A) right to recover the purchase price
• B) right to replevy goods
• C) right to obtain specific performance
• D) right to cure

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Definitions:

Revocations

The act of officially cancelling or withdrawing something, such as a license, permission, or legal right.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise when the other party has reasonably relied on that promise to their detriment.

Unilateral Contracts

Agreements in which one party makes a promise in exchange for the other party's performance, not a promise in return.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise if the other party has reasonably relied on that promise to their detriment.