[New Furniture] Kristin Purchased $2,000 Worth of Furniture from Solid

question 58

Multiple Choice

[New Furniture] Kristin purchased $2,000 worth of furniture from Solid Wood Furniture. Through an arrangement with Solid Wood, Kristin financed the purchase through a financing company called Let Us Help You. Twenty-nine days after the goods were delivered to her, Kristin had a disagreement with Let Us Help You regarding the amount of interest she would be required to pay. She notified Solid Wood on that day that she was rejecting the goods. Solid Wood claimed that she did not properly reject the furniture and also that she failed to act in good faith, an obligation imposed equally on all parties to a transaction. Kristin says that she properly rejected; that, although the UCC imposes no duty of good faith, she acted in good faith; and that, in any event, she had an absolute right to return the goods.
-Which statement is true regarding both the UCC and common law with regard to conforming and nonconforming goods?

• A) Under the UCC and common law, if goods fail in any respect to conform to the contract, the buyer has the right to accept the goods, reject the entire shipment, or accept part and reject part.
• B) The perfect tender rule recognizes the distinction between material and immaterial contractual requirements.
• C) Both the UCC and common law recognize the distinction between material and immaterial contractual requirements.
• D) Common law usually substitutes perfect tender with the doctrine of substantial performance.
• E) Under common law, if goods fail in any respect to conform to the contract, the buyer has the right to accept the goods, reject the entire shipment, or accept part and reject part.

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Definitions:

Economic Inequality

The unequal distribution of wealth, income, or resources across different participants in a society, economy, or country.

Democratic Forms

Types of government systems where power is vested in the people, who either rule directly or through elected representatives.

Order

The command, direction, or sequence according to which activities, operations, or events are conducted, maintained, or arranged.

Liberty

A fundamental principle denoting the individual's right to freedom, especially from oppressive restrictions imposed by authority on one's way of life, behavior, or political views.