New Furniture

question 51

Multiple Choice

New Furniture.Penny purchased $3,000 worth of furniture from Bob's furniture shop.Through an arrangement with Bob,Penny financed the purchase through a financing company called Let Us Help You.Twenty-nine days after the goods were delivered to her,Penny had a disagreement with Let Us Help You regarding the amount of interest she would be required to pay.She notified Bob on that day that she was rejecting the goods.Bob claimed that she did not properly reject the furniture and also that she acted in bad faith.Penny says that she properly rejected and denies that she acted in bad faith.She also says that,in any event,she cannot be sued for both wrongful rejection and also bad faith because of double jeopardy.Which of the following is true regarding Bob's claim that Penny failed to act in good faith?

• A)Bob is incorrect because under the Uniform Commercial Code,Penny had 30 days within which to reject the goods.
• B)Bob is incorrect,but only if Penny can establish that Let Us Help You miscalculated the amount of interest she owed.
• C)Bob is incorrect,but only if Penny can show that the goods were overpriced.
• D)Bob is correct,because Penny made no claim that the goods were nonconforming.
• E)Bob is correct,but only if Bob can show that the goods were priced at reasonable market value.

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Definitions:

Variables

Characteristics or quantities that can change or vary across individuals, situations, or time frames, often studied in research to understand patterns or causes.

Measurable Conditions

Conditions or variables that can be quantified or assessed through observation or instrumentation in a research context.

Theory Construction

The process of formulating a systematic set of principles to explain observed phenomena, often involving hypothesis development and testing.

Reinforcement Principles

Guidelines in behavioral psychology that recommend rewarding desired behaviors to increase their occurrence.