Under the Uniform Commercial Code (UCC), a Remedy Available to the Buyer

question 20

Multiple Choice

Under the Uniform Commercial Code (UCC) , a remedy available to the buyer if the seller breaches a contract is the right to .

• A) recover damages before cancellation of the contract
• B) recover the purchase price if the seller is unable to sell or dispose of goods
• C) recover damages for accepted goods even if the seller is not notified of the breach of contract
• D) keep some goods and reject the others if the goods or tender fail to conform to the contract

---

Definitions:

Aggregate Income

The total income earned by all factors of production in an economy, including wages, rents, interest, and profits.

Aggregate Consumption

The total amount of goods and services consumed in an economy, often used to analyze economic health and growth.

Consumption Function

A concept in economics that calculates the expected total consumption of goods and services by individuals at different income levels.

Aggregate Income

The total amount of income generated by all individuals and entities in an economy over a specific period.