Under the UCC,which of the Following Is True If Goods

question 5

Multiple Choice

Under the UCC,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 or lessee?

• A)Unless the parties can agree on a price,the matter must be submitted to arbitration for a determination as to an appropriate price.
• B)The buyer may inspect the goods and decide whether to 1)treat the contract as void or 2)ask the seller for a reduction of the contract price and then accept the damaged goods.
• C)The seller may inspect the goods and decide whether to 1)treat the contract as void or 2)offer the buyer a reduction of the contract price for the damaged goods.
• D)Unless the parties can agree on a price,the contract is voidable at the option of the seller.
• E)The contract is void.

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Definitions:

Scientific Fraud

Unethical conduct within scientific research, including fabrication, falsification, or plagiarism of data.

Replication

Repeating a research study to determine whether the results can be duplicated.

External Validity

The extent to which the results of a study can be generalized to other situations, populations, or settings beyond the study itself.

Fraudulence

The intentional deception for personal gain or to damage another individual, which is unethical and illegal in most cases.