If Goods Are Identified at the Time the Parties Entered

question 64

Multiple Choice

If goods are identified at the time the parties entered into a contract and these goods are destroyed through no fault of the parties before risk passes to the buyer or lessee, under the UCC what is the result?

• A) The parties are excused from performance.
• B) The seller has 7 days in which to cure.
• C) The seller has 10 days in which to cure.
• D) The seller has 30 days in which to cure.
• E) The seller has 45 days in which to cure.

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Definitions:

Speciation

The evolutionary process through which new biological species arise due to the divergent evolution of populations that become reproductively isolated from each other.

Dominance

In genetics, the phenomenon where one variant of a gene (allele) masks or overrides the expression of a different allele at the same locus.

Recessive Allele

An allele that produces its characteristic phenotype only when its paired allele is identical.