Mansfield Dairies Entered into a Contract with Aratez Inc

question 66

Multiple Choice

Mansfield Dairies entered into a contract with Aratez Inc., a dairy product food processing company, to provide dairy products for a period of four years. The contract included a provision for a one-year limitation period in case of breach. But with less than a year left on the contract, Mansfield Dairies stopped shipment of milk products to Aratez Inc. Under the UCC statute of limitations, which of the following would be true with reference to Aratez's right to bring a lawsuit against Mansfield Dairies for breach of contract?

• A) The lawsuit could be filed anytime within one year from the breach.
• B) The lawsuit could only be filed after the expiration of the contract.
• C) The lawsuit could not be filed as there was less than a year left to complete the contract.
• D) The lawsuit could be filed any time within four years from the breach.

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Definitions:

Centralization

The accumulation of decision-making power at the higher echelons of an organization.

Standardization

The process of implementing and developing technical standards to ensure consistency, safety, and interoperability of products or services across different areas or sectors.

Formalization

The extent to which organizations standardize behavior through rules, procedures, protocols, and formal structures.

Vertical Differentiation

The structuring of an organization into levels of hierarchy, often to distinguish between varying degrees of authority and responsibility.