Fruited Plain,Inc

question 34

Multiple Choice

Fruited Plain,Inc.,agrees to sell high-quality grain seed to Grange Co-op. Because only half of the quantity ordered is available,Fruited Plain ships a lesser quality seed in twice the amount of the remainder of the order for the same price. Grange Co-op rejects the lesser quality seed. With time for performance not yet expired,Fruited Plain can

• A)attempt to cure the defect.
• B)cancel the contract.
• C)recover the amount of its expected profit plus incidental damages.
• D)resell or dispose of the seed and hold Grange Co-op liable for any loss.

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Definitions:

Dispose

To get rid of something, especially by throwing it away, selling it, or transferring it to someone else.

Legal Rights

Privileges or entitlements conferred upon individuals by law.

Property

Items or assets owned by individuals or entities, including real estate, personal belongings, and intellectual rights, which have value and can be protected by law.

Bailments

A legal relationship in which physical possession of personal property is transferred from one person to another under agreement.