Under the Uniform Commercial Code,a Delay in Delivery Is a Breach

question 109

True/False

Under the Uniform Commercial Code,a delay in delivery is a breach of contract even in circumstances in which performance has been made impracticable because a contingency has occurred that was not contemplated when the parties reached an agreement.

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Definitions:

Risk Aversion

The tendency to choose options that entail fewer risks and less uncertainty.

Risks

Potential events or situations that could lead to harm or loss, often requiring management or mitigation in various contexts.

Uncertainty

A condition where knowledge is restricted, making it impossible to accurately detail the current state, predict future outcomes, or acknowledge multiple possibilities.

Social Decision Scheme

A theoretical framework that outlines how decisions are made within groups, taking into account the specific methods and processes members use to reach a consensus or final decision.