Which of the Following Is True Regarding the Efforts of the Seller

question 13

Multiple Choice

Which of the following is true regarding the efforts of the seller of the employment law pamphlets to remedy the problem with the incorrect pamphlets?

• A) The seller could not exercise the right to cure once the contract time for performance had ended because the seller did not have reasonable grounds to believe that the nonconforming tender of environmental pamphlets would be acceptable to Penny.
• B) The seller could likely exercise the right to cure once the contract time for performance had ended because the seller would have had reasonable grounds to believe that Penny would not have objected to the tender of the correct item at the time it was tendered.
• C) The seller correctly acted to remedy the problem because he had up to 10 days under the UCC to fix any problem.
• D) The seller correctly acted to remedy the problem because he had up to 20 days under the UCC to fix any problem.
• E) The seller could not act to remedy the problem because he did not have assurance from Penny in writing that she would allow additional time in which to cure.

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Definitions:

Bankruptcy Code

The set of federal statutes that govern the process of legal declaration of a person or corporation's inability to pay debts.

Alimony

Financial support paid by one former spouse to another after divorce or separation, intended to provide for the recipient's needs.

Child Support

Child support refers to periodic payments made by a parent for the financial benefit of a child following the end of a marriage or other relationship, aimed at covering living expenses and needs of the child.

Chapter 7 Bankruptcy

This type of bankruptcy involves the liquidation of a debtor's assets to pay off creditors. It is the simplest and fastest form of bankruptcy and is available to individuals, married couples, corporations, and partnerships.