If a Buyer Procures the Same or Similar Goods as Those

question 43

Multiple Choice

If a buyer procures the same or similar goods as those involved in the sales contract breached by the seller, the buyer:

• A) loses all rights to prosecute for breach.
• B) is said to have validated the seller's action.
• C) is said to have covered.
• D) is also in breach.

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Definitions:

Partner Responsibility

The liability and obligations that partners in a partnership have towards each other, the partnership, and third parties.

Third Party

An individual or entity that is involved in a transaction but is not one of the principal parties directly involved in the deal or agreement.

Law Of Partnership

Legal principles governing the operation, formation, and dissolution of partnership businesses.

Torts

Torts refer to civil wrongs recognized by law as grounds for a lawsuit, resulting in injury or harm to someone, for which the injured party may receive compensation or relief.