Which of the Following Is True If Goods Are Identified

question 115

Multiple Choice

Which of the following is true if goods are identified at the time the parties entered into a contract and these goods are partially destroyed through no fault of the parties before risk passes to the buyer?

• A)The contract is void.
• B)The buyer may inspect the goods and decide whether to a)treat the contract as void or b)ask the seller for a reduction of the contract price and then accept the damaged goods.
• C)The buyer has three business days to determine whether to void the contract or enforce the seller's obligations under it.
• D)Unless the parties can agree on a reduced price,the matter must be submitted to arbitration for a determination regarding an appropriate price.
• E)Unless the parties can agree on a reduced price,the contract is voidable at the option of the seller if the seller chooses not to remedy the partial destruction of the goods.

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Definitions:

Empathy

The ability to understand and share the feelings of another person.

Selective Abstraction

A cognitive bias in which an individual focuses on a single negative detail or event, excluding other relevant positive information.

Transference

A phenomenon in psychoanalysis where patients unconsciously project their feelings or expectations from past relationships onto their therapist.

Psychological Problems

Issues or disorders related to the mind that can affect mood, behavior, and thinking, often requiring professional assessment and treatment.