Double D Ranch and Esau Enter into a Contract on August

question 14

Multiple Choice

Double D Ranch and Esau enter into a contract on August 1 for the sale of 200 cattle.Esau cancels the con?tract ten days later.Double D is unable to sell the cattle to another buyer.Double D can

• A)force Esau to accept the cattle and pay for them.
• B)recover the contract price from Esau but must hold the cattle for him.
• C)recover the contract price from Esau and keep the cattle.
• D)recover the contract price from Esau but must destroy the cattle.

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Definitions:

Ucc

UCC stands for Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Consumer Lease

A contractual agreement where a lessee (consumer) agrees to rent personal property for personal, family, or household purposes for a fixed period or indefinitely.

Article 2A

A set of laws within the Uniform Commercial Code that governs leasing of goods.

Confirmation Letter

A confirmation letter is a written document that acknowledges the details or arrangements of a prior discussion or agreement.