The Buyer May Cancel the Contract If The

question 13

Multiple Choice

The buyer may cancel the contract if the:

• A) seller fails to deliver the goods.
• B) seller has repudiated the contract.
• C) goods have been rightfully rejected.
• D) all of the above.

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Definitions:

Offeree

The party to whom an offer is made in a contract negotiation, who has the power to accept or reject that offer.

Offeror

A person or entity who proposes a deal or contract to someone else, indicating their intention to enter into an agreement upon acceptance.

Consideration

Something of value that is exchanged between parties within a contract, which can be in the form of money, services, or promises, and is essential for the contract to be legally binding.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.