Which of the Following Is True Regarding Payment and the Place

question 53

Multiple Choice

Which of the following is true regarding payment and the place for delivery if those terms are left open under the UCC?

• A)If payment terms are omitted,payment is due at the time and place at which the buyer is to receive the goods,and the place for delivery is the seller's place of business.
• B)If payment terms are omitted,payment is due at the time and place at which the buyer is to receive the goods,and the place for delivery is the buyer's place of business.
• C)If payment terms are omitted,payment is due at least 10 days prior to the date set for delivery,and the place for delivery is the buyer's place of business.
• D)If payment terms are omitted,payment is due at least 10 days prior to the date set for delivery,and the place for delivery is the seller's place of business.
• E)There is no contract if these terms are omitted.

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Definitions:

Opposing Counsel

The lawyer or legal team representing the opposite side or party in a legal dispute or proceeding.

Leading Questions

Questions that suggest the desired answer, often used during cross-examination to guide a witness's testimony.

Return-Of-Service

An obligation, often found in scholarship or employment contracts, requiring the benificary to provide a predetermined period of service in exchange for the scholarship or benefit received.

Legally Binds

Places individuals or entities under a legal obligation, enforcing an agreement or contract.