Which of the Following Is Not an Exception to the Perfect

question 2

Multiple Choice

Which of the following is not an exception to the perfect tender rule?

• A) Revocation of acceptance
• B) Commercial impracticability
• C) Past dealings between the parties
• D) Norms in the industry
• E) Exceptions outlined in the parties' agreement

---

Definitions:

Price Level

A measure of the average prices of goods and services in the economy at a given time.

Value of Money

The purchasing power of money, which is the quantity of goods and services that can be purchased with a unit of currency.

Federal Reserve

The central banking system of the United States, responsible for conducting the nation's monetary policy and overseeing its banking system.

Excess Money

The surplus of cash beyond what is needed for immediate expenses or investments.