Which of the Following Statements Is True Concerning Cancellation of a Contract

question 84

Multiple Choice

Which of the following statements is true concerning cancellation of a contract?

• A) Cancelling a contract is a seller's only remedy if a buyer or lessee is in breach .
• B) Canceling a contract is a remedy of last resort from the UCC's perspective.
• C) If a seller cancels a contract, he may not pursue any other remedies available under the UCC.
• D) Cancelling a contract is never permitted under the UCC.
• E) No notice is required to cancel a contract.

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Definitions:

Carbon-Carbon Bonds

The covalent bond between two carbon atoms in a molecule, forming the backbone of organic compounds.

π Bond

A type of covalent bond between atoms that results from the sideways overlap of p orbitals, allowing for electron sharing.

Rings

Cyclic molecules in chemistry that consist of a series of connected atoms forming a closed loop.

Hydrogenating

The process of adding hydrogen to a molecule, usually in the presence of a catalyst, to reduce double or triple bonds to single bonds.