Which of the Following Statements Is True Concerning Cancellation of a Contract

question 3

Multiple Choice

Which of the following statements is true concerning cancellation of a contract?

• A)Cancelling a contract is a seller's only remedy if a buyer or lessee is in breach.
• B)No notice is required to cancel a contract.
• C)Canceling a contract is a remedy of last resort from the UCC"s perspective.
• D)Cancelling a contract is never permitted under the UCC.
• E)If a seller cancels a contract,he may not pursue any other remedies available under the UCC.

---

Definitions:

Simple ANOVA

A statistical method used to compare the means of three or more samples to determine if they come from the same population.

Factorial ANOVA

A statistical test used to evaluate whether there are any significant differences between the means of three or more groups for two or more factors simultaneously.

Main Effects

The immediate effect that an independent variable has on a dependent variable within an experimental setup.

Factorial ANOVA

A statistical analysis used to examine the effects of two or more categorical independent variables on one continuous dependent variable.