According to the Uniform Commercial Code,if Goods Are Identified at the Time

question 122

True/False

According to the Uniform Commercial Code,if goods are identified at the time the parties enter into a contract and the goods are destroyed through no fault of the parties before risk passes to the buyer or lessee,the parties are excused from performance.

---

Definitions:

Deadweight Loss

The loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved or is distorted by external intervention.

Taxation

The process by which governments charge fees on individuals and corporations to finance government spending and activities.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different groups of consumers.

Hardcover Edition

A book bound with a rigid protective cover, often used for first editions or high-quality printings.