In Which of the Following Situations Does the Seller Have

question 31

Multiple Choice

In which of the following situations does the seller have the right to cure?

• A) Where the time for performance under the contract has not yet expired.
• B) After the time for performance has expired if the seller had reasonable grounds for believing the buyer would accept a nonconforming tender with or without monetary adjustment.
• C) Where the buyer has revoked acceptance.
• D) Two of these are correct but not all three.

---

Definitions:

Expensive

Having a high price or cost, often relative to the value or affordability for the buyer.

Input

Refers to any resource or factor that is used in the generation of goods or services in a production process. (Duplicate rephrase)

Decreasing Returns

The phenomenon where an increase in the input of resources leads to a less proportional increase in output.

Marginal Product

The additional output that is produced by employing one more unit of a particular input, with all other inputs held constant.