Fred's Fireplaces Enters into a Contract with Miguel's Patio Supply

question 3

Multiple Choice

Fred's Fireplaces enters into a contract with Miguel's Patio Supply in which Miguel's agrees to purchase 20 fireplaces. The fireplaces are delivered, but a day after delivery, Fred discovers Miguel is insolvent. Fred reclaims the fireplaces. Did Fred's Fireplaces act appropriately?

• A) No because reclaiming the goods is permitted only if the quantity shipped is a large shipment.
• B) No because filing a lawsuit is required before reclaiming the goods.
• C) No because reclaiming the goods is appropriate in the event of breach only if the contract is for at least 50 units of goods.
• D) No, because the UCC requires sellers to notify buyers within 100 days of reclaiming the goods in the event of a breach.
• E) Yes, the UCC permits a seller to reclaim goods from an insolvent buyer.

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Definitions:

Personality Traits

Consistent patterns of behavior, thought, and emotion that distinguish one person from another.

Harmonious Culture

A workplace environment where employees share similar values and beliefs, leading to smooth interactions, collaboration, and a positive working atmosphere.

Extroversion

A personality trait characterized by outgoing, energetic, and sociable behavior.

Big Five

In psychology, a theory describing five core personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.