Match the Following: A.Designation of Specific Goods as Those to Which the Contract

question 19

Essay

Match the following:
a.Designation of specific goods as those to which the contract of sale refers.b.An action at law to recover specific goods in the possession of a defendant that are being unlawfully withheld from the plaintiff.c.Amount specified in a contract that either party may recover in the event of a breach by the other.d.A seller makes available to buyer goods conforming to the contract and so notifies the buyer.e.The inability of a person to pay his debts in the ordinary course of business or as they become due.f.Total liabilities exceeding the total value of all assets.g.Commercially reasonable charges,expenses,or commissions directly resulting from a breach.h.Expenses resulting from the buyer's requirements and which the seller had reason to expect at the time of contracting;also payment for injury to person or property resulting from breach of warranty.i.A buyer's purchase of goods in substitution for those not delivered by a breaching seller.j.Carrying out one's contractual obligations according to the terms of the contract.k.The Code rule that a seller's performance must exactly conform to the contract.l.The right of a seller under the Code to correct a nonconforming tender of goods to the buyer.m.Buyer's manifestation of an unwillingness to become the owner of the goods.n.Rescission of a buyer's acceptance of the goods based on a nonconformity which substantially impairs their value.
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Definitions:

Payback Period

The length of time required to recover the cost of an investment, calculated by dividing the initial investment by annual cash inflow.

Initial Investment

The initial sum of money spent on starting a project, purchasing an asset, or establishing a business venture.

Annual Cash Inflow

Annual cash inflow is the total amount of money received by an individual or organization in one year from various sources, such as sales, investments, or financing activities.

Payback Method

A capital budgeting technique that calculates the time required for an investment to generate cash flows sufficient to recover its initial cost.