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

question 21

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.
-perfect tender rule

---

Definitions:

Risk Averse

Describes individuals or entities that prefer to avoid risk, often opting for safer investments even with potentially lower returns.

Indifference Curve

A curve representing all combinations of goods or services among which a consumer is indifferent, showing different combinations that provide the same level of utility to the consumer.

Expected Return

The anticipated profit or loss from an investment, taking into account the possibility of various outcomes.

Standard Deviation

A parameter that assesses the extent of difference or range within a batch of numerical values.