Bryson Hardware Accepted Delivery of the 50 Door Handles It

question 8

Multiple Choice

Bryson Hardware accepted delivery of the 50 door handles it ordered.If it later finds the handles do not conform to the contract specifications and it wants to revoke its acceptance,it may return the goods only if

• A)it shows the original acceptance of the goods never occurred.
• B)it shows that the defects substantially impair their value.
• C)it can prove it is commercially impracticable for it to keep the goods.
• D)the documents of title are in order.

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Definitions:

Secured Transaction

Any transaction in which the payment of a debt is guaranteed, or secured, by personal property owned by the debtor or in which the debtor has a legal interest.

Collateral

Assets or property pledged as security for the repayment of a loan, subject to seizure on default.

Foreclosure

A proceeding in which a mortgagee either takes title to or forces the sale of the mortgagor’s property in satisfaction of a debt.

Repossess

The act of taking back possession of property by a seller or lender from the buyer or borrower, typically due to failure in payment.