The Code Provides That Where Neither Party Is at Fault

question 21

True/False

The Code provides that where neither party is at fault and the agreed manner of delivering the goods becomes commercially impracticable,a substituted manner of performance,if commercially reasonable,must be tendered and accepted.

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Definitions:

Grants Credit

The offering of deferred payment terms or a line of credit to a buyer for the purchase of goods or services.

Cash Increase

An upward movement in a company's cash balance, indicating improved liquidity or additional inflow of money.

Operational Cycle

The period between the acquisition of inventory by a company and the collection of payments for the goods or services sold.

Accounts Payable Period

The time between receipt of inventory and payment for it.