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

question 80

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 destroyed through no fault of the parties before risk passes to the buyer or lessee?

• A)The seller has 30 days in which to cure.
• B)The seller has 10 days in which to cure.
• C)The seller has 7 days in which to cure.
• D)The parties are excused from performance.
• E)The seller has 45 days in which to cure.

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Definitions:

Standardization

The process of implementing and developing technical standards to ensure uniformity and consistency across different products, services, or procedures.

Cross-Functional Collaboration

A process where team members from various departments or specialties work together towards a common goal.

Hierarchical Relationships

The relational structure in organizations based on levels of authority and responsibility, defining roles, and how communication and power flow.

Simple Structure

A structure within an organization that features minimal compartmentalization, broad ranges of control, a central point of authority, and little to no formal procedures.