Under UCC 2-702(2),under Which of the Following Circumstances May a Seller

question 66

Multiple Choice

Under UCC 2-702(2) ,under which of the following circumstances may a seller reclaim goods when a buyer is in possession of goods and is in breach?

• A) When the seller discovers the buyer is insolvent
• B) When the buyer is at least 5 days late on a payment
• C) When the buyer is at least 10 days late on a payment
• D) When the buyer has received at least 10 days prior notification of reclamation
• E) When the buyer has received at least 30 days prior notification of reclamation

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Definitions:

Actor/Observer Bias

The tendency to attribute one's own actions to external circumstances while attributing others' actions to their internal characteristics.

Effect

A change that results from a particular action or cause.

Real-World Example

An actual instance or occurrence from everyday life used to illustrate a theory or concept.

Implicit Attitudes

Unconscious beliefs or feelings that can influence a person's response to particular objects, people, or situations.